Mosaic Complete, Market Rate Condos 100% Sold

Mosaic on the Riverway recently obtained it's certificate of occupancy and has moved in it's first residents over the past few weekends. The 42 market rate condominiums are 100% sold, the affordable condominiums are being processed for sale through the lottery in August, and we expect occupancy of the 60 affordable rental units this month. 

In addition to a residential lobby, the ground floor features a 9,000 SF early education center scheduled to open in the Spring of 2017. 

For more information about the project visit here.

Mosaic on the Riverway Now Selling, Topping Off Celebration

Today, we celebrated a 'topping off' of the steel at Mosaic with Mayor Marty Walsh, Councilor Zakim, and Undersecretary Chrystal Kornegay. Photos are below. 

The topping off marks a significant milestone in the construction of the aptly named, Mosaic on the Riverway development, which will provide 60 Low Income Housing Tax Credit (LIHTC) rental units, 43 affordable condominiums and 42 market-rate condominiums. Bringing much needed high-quality market rate and affordable for-sale and rental housing options for the diverse and growing workforce of the Longwood Medical area, the project also includes a childcare center that will serve approximately 100 children.

Funders for the project include Bank of America, Brigham and Women’s Hospital, the City of Boston, the Commonwealth of Massachusetts, The Roxbury Tenants of Harvard, Inc., Boston Community Capital and the Massachusetts Housing Partnership.

The project is slated for completion in 2016. The market-rate condominiums are now for sale through Advisors Living, the project’s exclusive broker and www.mosaicbostoncondos.com. The affordable rental and homeownership marketing will start in the spring of 2016.  

 In addition, the sales office is now open and the interest in the market rate condominiums has been tremendous!

Traggorth Companies serves as project manager for the Mosaic. 

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RTH Awarded State's First Homeownership Resources in Years

Governor Patrick announced Friday in Uphams Corner that our client, the Roxbury Tenants of Harvard, which is redeveloping a portion of the former Massachusetts Mental Health Hospital site in Boston's Longwood Medical Area, will receive critical State funding for 43 new affordable condominiums in the project. This funding is the first in Massachusetts for affordable homeownership since before the recession in 2008. 

The 43 condominiums are part of a larger multi-family project which will consist of 60 units of affordable rental housing, 43 units of affordable condominiums, and 42 units of market-rate condominiums. The building, which will be 11 stories tall, and is designed by ADD Inc., will sit on a one acre lot next to the Brigham's Building of the Future which is currently under construction.

TC provides RTH with turnkey project management services related to this project and assisted with application and preparation for the State funding rounds. 

For more about the announcement, click here.

Rendering from Fenwood Road and Binney Street looking toward Brookline Ave.

Overall site plan and neighborhood context