LBC Boston Celebrates Ribbon Cutting at New 100% Leased 80 Unit Nova Residences

PROJECT OF THE MONTH

September 15, 2017

BRIGHTON, MA LBC Boston celebrated the grand opening of its first residential project in the city. Located at 1505 Commonwealth Ave., Nova Residences is a six-story, 68,000 s/f building that offers 80 residential units, with 10 of the units designated as affordable. Congressman Michael Capuano, governor Charlie Baker, and mayor Marty Walsh participated in a ribbon cutting ceremony on August 28 to mark the grand opening of the $25 million residential complex.

“We need projects like this. We need a mix of housing for the poor, the wealthy, and the in-between,” said Capuano, representative for the 7th Congressional District of Massachusetts. “It is critically important to honor every rung on the ladder. This building helps fulfill that mission.”

Developed, owned and operated by LBC Boston, Nova Residences is the embodiment of luxury with energy efficient stainless-steel appliances, modern cabinetry, and laundry appliances in each unit. Built on the highest point in the city, many apartments offer views of the Boston skyline. Designed to achieve LEED certification, building features include a fitness center, community/game room, dog grooming station, and on-site management office with package receiving service. Community space extends outdoors with landscaped patios, an 80-car parking lot, and on-site bike storage.

“We’re committed to working with local, community, and private partners to make investments that promote local growth, development, and housing across Massachusetts,” said governor Baker. “1505 Commonwealth Avenue was the location of my former campaign headquarters, and the transformation of this building by LBC Boston is just amazing.”

The three-year project led by LBC Boston is part of “Housing a Changing City: Boston 2030,” the city of Boston’s housing plan, which aims to create housing across demographics and neighborhoods, outlines the city’s strategies for housing an expected 91,000 new Bostonians by the year 2030, and calls for the creation of 53,000 new units of housing at a variety of income levels across the city. At the grand opening of 1505 Commonwealth Ave., mayor Walsh said, “thank you for the great work here. This adds to the local economy and to the community. It is exciting to see the growth and amenities that come with housing.”

Located in what has been deemed “Boston’s next ‘IT’ neighborhood” and anchored by St. Elizabeth’s Medical Center, residents will enjoy an array of local amenities and conveniences within walking distance, including shopping and dining establishments, cultural and sporting events at nearby Boston College and Boston University, and access to the MBTA Green Line, Mass. Pike, and Rtes. 9 and 20.

With 100% occupancy upon opening, the Nova Residences feature studios, lofts, and a mix of one- and two-bedroom apartments, with rents ranging from $1,850 to $3,250 per month.