High-Profile: February 2026 | Page 30

30 February 2026

Mixed-Use

Boston’ s Planning Dept. Advances First Hotel Project under Net Zero Carbon Zoning

Boston – Boston’ s Planning Department recently recommended approval of the city’ s first hotel project to be permitted under the new Net Zero Carbon Zoning. In total, staff recommended approval of five new development projects representing approximately 457,987sf. All were approved.
393 Cambridge Street
Located in Allston, the project at 393 Cambridge Street will build Boston’ s first hotel under Net Zero Carbon Zoning. The new 7-story hotel will have 96 rooms and include indoor and outdoor bike parking. As part of its mitigation commitment, the project will improve the public realm with new landscaping, sidewalks, street trees, a new raised crosswalk, and pedestrian connections. The project complies with the Allston-Brighton Mobility Plan by creating additional sidewalk dimensions on Cambridge Street.
Rogerson-Beaufort Project
The Rogerson-Beaufort Project Phase 1 is moving forward with new incomerestricted senior housing. It will redevelop what is currently the Rogerson House property in Jamaica Plain into 41 new income-restricted senior housing units, while also renovating and replacing the current 66-bed memory care facility that currently exists. The project will improve the public realm with new sidewalks,
1954 Commonwealth Avenue
landscaping, and safer pedestrian access. A second phase of this project will be reviewed separately in the future.
The 1954 Commonwealth Avenue project will convert what is currently a vacant three-family home in Brighton into a 5-story mixed-use building including 26 homeownership units, four of which will be income-restricted. These will be a mix of studios, one-, and two-bedroom units. The project will also improve the public realm with better sidewalks and a new street tree.
841 Morton Street
Located in Mattapan, the 841 Morton Street project will convert what is currently a gas station and parking lot into a new 5-story building with 52 homes, 11 of which will be income-restricted. The building will include ground floor retail space, as well as indoor and outdoor bike parking. The use and design of this building aligns well with the current,
active corridor of Morton Street, which is in a Squares + Streets zoning district as part of PLAN: Mattapan. This project will significantly improve the public realm with new landscaping, better sidewalks, and a new pedestrian connection between Morton and Flint Streets.
The project at 371-401 D Street will add a new 438 room, 14-story hotel
371-401 D Street
across the street from the Thomas M. Menino Convention and Exhibition Center in South Boston, to a site which currently includes the Element and Aloft hotels. It will also modify the existing layout of the Element Hotel to add more rooms. The new hotel will provide community gathering space for a nonprofit organization every quarter. The project will also improve the public realm with new sidewalks, landscaping, and street trees, expanding the tree canopy to combat urban heat island effect.

Cambridge Multifamily Property Sold for $ 53M

Cambridge, MA – Walker & Dunlop Capital Markets announced that it arranged the sale and financing of 929 MASS, a mixed-use, two-building property located in Cambridge.
Travis D’ Amato, Michael Coyne, Brendan Shields, Kevin Gleason, and Maggie McFarland executed the $ 53.6 million sale of the property on behalf of an institutional seller. Concurrently, Andrew Gnazzo and Mike Darling secured acquisition financing for John M Corcoran & Company( JMC), arranging a $ 37.1 million fixed-rate, interest-only Fannie Mae loan. JMC has partnered with Stars REI to provide property and asset management services to 929 MASS and complete property upgrades.
“ Combined with its prime location in one of Greater Boston’ s most dynamic and sought-after submarkets, 929 MASS has strong potential to meet local housing demand and enhance the units to appeal to affluent professionals working in the area,” said D’ Amato, managing director at Walker & Dunlop.“ We are happy to support this transaction by leveraging Walker & Dunlop’ s integrated platform
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929 Mass Ave. / Photo courtesy of Atwater Media Productions
and deep expertise to deliver a seamless, one-stop solution for CMC and Stars REI.”
Located in Central Square, the property includes an 18-story tower with 96 units, 12,451sf of commercial space, 71 garage parking spaces, and 40 surface parking spaces, along with a contiguous 5-story building comprising 31 units. It is accessible by train to major employers in Boston’ s Financial District and Seaport, and located in close proximity to Harvard and Massachusetts Institute of Technology( MIT).
“ We plan to implement physical enhancements to elevate the experience for the tenants at this high-quality, welllocated property,” said Richard Robinson, JMC vice president of acquisitions.“ With JMC’ s property management expertise on ground, we can be assured of a smooth transition for residents and continued successful capital plan moving forward. We appreciate Walker & Dunlop’ s expertise in bringing this transaction across the finish line. Their ability to manage both the sale and the financing provided a true one-stop solution and ensured a successful closing.”
“ We are thrilled to expand our investment footprint in the Cambridge market, this being our second asset here,” said Felipe Lattapiat Johannesen, vice president at Stars REI.“ Cambridge’ s office, education, and lab growth continues to far outpace available housing, making it one of the most resilient markets in the country. With new multifamily development increasingly constrained by high construction costs, 929 MASS is exceptionally well positioned to capture this unmet demand.”