579-583 Broadway

In 2006 The Neighborhood Developers substantially redeveloped the 2,800-square-foot commercial building at 579–583 Broadway, adding a floor and converting the building into a 4,200-square-foot residential building with five new apartments. The former home to the CAPIC Headstart office, the 1904 building was originally a funeral home. This was made very apparent when an 8-foot by 25-foot sign was discovered on the roof bearing only the words “UNDERTAKER.”

The building is located in the new neighborhood known as The Box District, where many of CND’s current development projects are located. The gut redevelopment of 583 Broadway added a floor and stairwell, producing one three-bedroom unit, two two-bedroom units, and two studios. Rents are priced to be affordable to Chelsea residents, with two units restricted to households with incomes below 65% of Area Median Income (AMI), and one unit priced to be affordable to a household with income below 50% of AMI. The design incorporates a number of sustainable materials and exceeds Energy Star standards.

Date Completed 2006
Total Development Cost $1.2 million
Construction Type Gut Rehab
No. of Units 5
Affordability 1 unit < 50% AMI, 2 units < 65% AMI, 2 units < 80% AMI
Owner/Developer: Chelsea Neighborhood Developers
General Contractor: Northeast Interiors, Inc.
Architect: Elton + Hampton Architects
Construction Consultant: Matt Yarmolinsky
Lenders: North Suburban Consortium HOME Funds, Metropolitan Credit Union, The U.S. Department of Housing and Urban Development, MA Department of Housing and Community Development,, Massachusetts CDBG Program, City of Chelsea
Equity Investor: NeighborWorks America