Allston, MA – Penniman on the Park – a project that will result in new home ownership opportunities just outside of Allston’s Union Square neighborhood.
The $7.2 million Penniman on the Park project will replace three deteriorating low rise commercial and storage buildings a four-story artist live/work building, and a commercial building. The new five-story building will feature 36 condominiums, including six affordable units, 17 underground parking spaces, and access to 10 surface parking spaces on an adjacent parcel.
The 41,053sf project will include bike racks in the garage and improved pedestrian access to the site.
The plan includes four new setback penthouse units to mitigate the cost of environmental remediation required at the site.
The project is expected to break ground in spring 2012 and will create 30 construction jobs.
The development team consists of developer Rugg Road Realty Trust and architectural firm O’Sullivan Architects, Inc.
Total project cost: $7.2 million
Total square footage: 41,053sf
Housing: 36 condominiums, 6 affordable