Port Landing

Client

Capstone Communities / Hope Real Estate Enterprises LLC

Program

20 affordable apartment homes including 4 one-BR, 13 two-BR and 3 three-BR units with parking for 16 cars.

Solution

Port Landing’s residential community consists of 20 rental apartment homes with a variety of unit sizes –1-BR, 2-BR, and 3-BR units – affordable to individuals and families earning a range of incomes – 30%, 50% and 60% of area median income.

This prime location, well-served by transit and within walking distance to major job centers and businesses, was ideal for high-end residential development. Given the ongoing demand for housing that is affordable to City of Cambridge employees and residents, Capstone and Hope Real Estate’s efforts to realize the true needs of the community now provide 20 lower income households with access to a desirable and thriving neighborhood of Cambridge.

Press

Boston Business Journal – Fully affordable apartment development planned near Kendall Square, September 2015

Awards

2017 PRISM Award – Best Affordable Community
Builders & Remodelers Association of Greater Boston