PRESS
2024-11-25
$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
2024-06-20
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.
2024-03-22
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.
2024-01-22
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.
2023-03-15
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.
2023-02-23
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.