1005 Broadway
Photo taken by Matt Frank
Quick facts
City: Chelsea
Development Partner: Traggorth Companies
Construction start date: June 2021
Expected completion: Spring 2023
Development type: New construction
Total development cost: $17.5 million
Number of units: 38 (11 one-bedroom units, 23 two-bedroom units, and 4 three-bedroom units)
Affordability: 8 units < 30% AMI, 30 units < 60% AMI
Art at 1005 Broadway
TND participated in the Affordable Housing Design Leadership Initiative, where we explored the connections between art, health, and resilience in housing. The program pushed us to better engage community members as we develop new affordable homes and ensure that the design processes are community-informed. TND hired an Artist/Facilitator to connect the community to art on this first project, a ‘Welcome to Chelsea’ mural at 1005 Broadway. It is along the border between Chelsea and Revere, and is one of the first buildings drivers see as they enter the city. The “Welcome to Chelsea” mural will be installed along the creek-facing side of the building.
Help elevate culture
Meet Kyle Browne
Kyle Browne is an artist-entrepreneur and educator who has been living and working in the Greater Boston area for over 10 years. She has managed and directed arts projects and programs from concept to reality at universities, museums and non-profits. She is dedicated to cultivating strong partnerships and designing programs with attention to equity and access. Her most recent positions have included teaching art at Boston Public Schools, consulting on STEAM education for the City of Cambridge and facilitating community engagement and art commissions for the City of Chelsea. She lives and practices in Chelsea and is excited to bring her arts expertise to The Neighborhood Developers to make their buildings reflective of the communities creative expression.
Overview
The redevelopment of 1005 Broadway, which serves as a gateway to Chelsea from Revere, will create 38 affordable homes for families, along with a new, public, pocket park and a walking path along the banks of Mill Creek. The project will restore a long-vacant and blighted parcel that formerly housed a Midas Muffler, to help meet the needs of the surrounding community while enhancing public access to the Chelsea waterfront.
The project’s location, next to major MBTA transit routes including the 116 and 117 buses, will connect residents with Chelsea’s Commuter Rail Station, the Silver Line into Boston, and the Blue Line into Revere. This will allow residents car-free access to services, jobs, and training opportunities throughout the Boston region and the North Shore.
The Neighborhood Developers and Traggorth Companies have also chosen to prioritize climate concerns as part of this project. 1005 Broadway has been designed, and will be built, to Passive House standards – meaning that the building will consume significantly less energy during its operation, reducing utility bills for residents and overall greenhouse gas emissions. TND and TC have also chosen to invest in solar panels on the site, allowing for a substantial reduction in power use, and a consequent reduction in emissions.
Construction on 1005 Broadway began in 2021, and will complete near the end of 2022.
Development team
Architect: Utile Architecture + Urban Design
Contractor: Haycon
Acquisition financing: The Life Initiative
Predevelopment financing: The Life Initiative
Low income housing tax credit investor: National Equity Fund
Construction financing: Webster Bank
Permanent financing: Webster Bank
Subordinate debt: Community Economic Development Assistance Corporation; North Suburban Consortium HOME Program
