JMC & Co Embarks on 170 Central Ave, Chelsea
The redevelopment of Innes Apartments in Chelsea, MA will be accomplished through a joint venture among John M. Corcoran & Company, the Joseph J. Corcoran Company, and Marcus Partners. JJC was awarded the project four years ago and has worked through the local and state permitting processes and assembled the necessary public subsidy to move the project along. JMC & Co will lead the design, construction and financing of the project in addition to providing property management services upon completion.
Map of Chelsea, MA
Innes Apartments is located on 170 Central Ave in Chelsea, MA. This 2.9 acre site consists of 94 public housing apartments spread across 8 buildings. The project will commence with the demolition of all existing apartments for the ground-up construction of 330 brand-new apartment homes in two podium buildings. The unit mix will consist of public housing, workforce/market, and market apartments. The redevelopment will also include new amenity spaces, 7,000 sf of ground floor commercial space, and a standalone 255 car pre-cast garage.
Demolition is slated to begin in the near future and JMC & Co's development team will be progressing the design of the site throughout the summer months. Watch out for future blogs for more updates to come on this substantial and exciting project!
Trivia: What famous movie was filmed in Chelsea, MA in 2015?
6/21 Trivia Answer: Southwick's Zoo in Mendon, MA
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