Diversified value add funds and project specific public/private partnership and luxury residential developments
New Boston creates value add office and apartment funds, triple bottom line development funds and direct investments. The first New Boston Fund was the first fund in New England after the economic collapse in the late 1980’s. New Boston Fund sponsored the Urban Strategy America Fund which was one of the first triple bottom lined fund in the 21st century pursuing community, economic and housing development, environmental benefits and an economic return.
New Boston Fund’s highlight of public private partnership developments in Boston incorporated partnering with deep rooted Community Development organizations include Olmsted Green and Olmsted Village with Lena Park CDC and 2Life Communities, One Brigham Circle with the Mission Hill Neighborhood Housing Association and One Greenway with the Asian Community Development Association.
Leadership of New Boston Fund are also pursuing luxury high end housing for the aging baby boom population at The Bristol in downtown Wellesley, Rockwood Estates in Chestnut Hill and Marion Marina in Marion, MA.
Impactful investors now have the opportunity to participate in our latest high profile community,,,Olmsted Village Olmsted Village will build on the success of the Olmsted Green master plan and will become the crown jewel of the Olmsted communities. Once complete, Olmsted Village will be an approximately 275 unit, 10-acre, transit-oriented, mixed-income housing communities for a diverse group of homeowners, senior renters, and foster families abutting Franklin Park and the Audubon Sanctuary / the Boston Nature Center.
The Master Development activities consist of the permitting and land development and provision of infrastructure and access for six new buildings in three different housing communities: the Brooke House, a six-story building containing approximately 127 affordable senior housing apartments with a community center and childcare center on the ground floor; the Treehouse at Olmsted Village, a four-story building containing approximately 40 senior housing units, 12 foster family homes and 8 efficiencies for foster children aging out of foster care, the Russell House, a four-story building containing approximately 43 mixed-income family homeownership apartments; the Warbler Townhomes, two three-story buildings containing a total of approximately eight market rate family homeownership apartments; and the Harvard Street Building, a four-story building containing approximately 31 family mixed-income homeownership apartments.