PRESS
November 25, 2024
$58 Million loan refinances popular coliving building in Allston
FAM Asset Management, Arx Urban, and Boylston Properties, announced that they closed on a recapitalization with a $58M loan from Aareal Bank to refinance 525 LINC, a coliving development in the Allston neighborhood of Boston that opened its doors in January 2024
June 20, 2024
Arx Urban receives state funding award for 247 Hancock Street
The project will convert an underutilized car wash into a residential complex. This mixed-income, transit-oriented development will create 47 rental homes. 35 of the homes will be reserved for households with incomes ranging from 30% to 60% of the area median income.
March 22, 2024
Wu Awards $69M for over 800 units of new mixed-income housing
The City of Boston awarded funding to Arx Urban and Boston Communities for the development of 47 new income-restricted apartments at 247 Hancock Street in Dorchester and 31 new income-restricted apartments at 4198 Washington Street in Roslidnale.
January 22, 2024
Healey-Driscoll Administration announces new affordable housing development across the state
Arx Urban and Boston Communities received an award for their 62-unit, mixed-income, transit-oriented development in Chelsea which will deliver deeply affordable, workforce and market rate housing (as well as community retail) in the heart of the city's commercial corridor.
March 15, 2023
Roslindale apartment development wins ZBA's approval
Boston’s Zoning Board of Appeal approved a 31-unit apartment building in Roslindale on Tuesday, a project whose previous rejection by the board in 2021 drew heavy criticism from housing advocates. Of the 31 units, 19 would be income-restricted, an increase from the previous time the proposal appeared before the ZBA.
February 23, 2023
Arx Urban unveils its fourth project on Hancock Street in Dorchester
Arx Urban has filed plans to redevelop a car wash at 247 Hancock Street in Dorchester with a six-story, 47-unit, mixed-income residential building. Arx Urban's proposed building would be its fourth project on Hancock Street and located immediately adjacent to the Meeting House.