Dual-Phase Development Will Include 200 Affordable Multifamily Units and Three Commercial Buildings for Life Science, Office, and Retail Use
The Boston office of Trammell Crow Company (TCC), a global commercial real estate developer, in partnership with affordable housing non-profit developer The Community Builders (TCB) announced plans for the redevelopment of seven acres along Soldiers Field Road in Brighton, Massachusetts. The dual-phase redevelopment will cover two nearly adjacent parcels and will include the construction of 200 units of deeply affordable housing averaging 60% AMI, as well as three class-A commercial facilities that will include 771,000 square feet of life science, office, and retail space. The project will also include significant public improvements to the adjacent public Leo M. Birmingham Park and Parkway.
The development site is located along the opening stretch of Soldiers Field Road that has changed little since the 1950s; the site includes the International House of Pancakes, the former Days Inn, and a series of car dealerships and surface parking lots. The first phase of redevelopment will occur on the sites located at 1600 Solders Field Road and 15 Soldiers Field Place. Upon completion of the infrastructure required to support the residential buildings, TCC will donate the land upon which TCB will develop the residential structure. The construction of the first residential building will be delivered as part of phase one, providing 100 units of affordable housing with approximately 65% two and three-bedroom family units. Adjacent to the first residential building will be two commercial buildings, totaling153,000 and 388,000 square feet, respectively, that will deliver a mix of life science, office and ground-floor retail space.
The second phase of redevelopment will include a second affordable housing residential building with 100 units, and the third and final commercial building at 1800 and 1850 Soldiers Field Road, respectively. Overall, the 200 affordable units in this project will nearly double the number Boston’s Inclusionary Development Policy units provided in the area.
“Trammell Crow Company is excited to partner with The Community Builders to begin the redevelopment of this stretch of Soldiers Field Road in Brighton. With this project, we believe there is a tremendous opportunity to address the need for affordable housing in Boston, enhance access to the Charles River and deliver a best-in-class commercial product that will help sustain Boston’s position as the premier life science market in the country,” said Sam Schaefer, Principal with TCC Boston. “Our goal is to work closely with the City of Boston, the Boston Planning & Development Agency, and the local community to advance a shared vision to develop a mixed-use project that activates this area and delivers much-needed affordable housing to the neighborhood’s hardworking families. The commercial piece of this project will add to the growing and much-needed supply of life science space in Boston, which continues to be the number one hub for life science innovation in the country.”
“As an affordable housing leader in Boston, we’re thrilled to partner with TCC and create the opportunity for 200 families to move into quality homes they can afford,” said Andy Waxman, Regional Vice President of Development at The Community Builders. “We’re proud to work with the City of Boston and TCC to bring new housing, employment opportunities and dynamic commercial spaces including life science, office, and retail to a strong location on Soldiers Field Road.”
As part of the master plan, TCC will also coordinate with the Department of Conservation and Recreation to deliver significant improvements to the Leo M. Birmingham Park and Parkway to which the project site is immediately adjacent, as well as improvements to the I-90 underpasses.
About Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of December 31, 2022, TCC had $16.9 billion of projects in process and $12.9 billion in its pipeline. It employs 700 professionals in 27 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.
About The Community Builders
The Community Builders’ mission is to build and sustain strong communities where all people can thrive. Our mission-driven businesses work with partners to develop, finance and operate residential communities, neighborhood amenities and opportunity programs for families, seniors and adults with disabilities. Since 1964, we have advanced housing equity through award-winning affordable and mixed-income communities and our pioneering Community Life model for resident success. Today, our ownership and management portfolio include over 14,000 apartment homes. Anchored by offices in Boston, Chicago, Columbus, New York and Washington D.C., we operate across 15 states.