The Janus Highland Apartments, offering a total of 41 one-, two-, three-, and four-bedroom units, are located on three parcels within the Box District on the sites of the former Janus Fabrications Company and the Atlas Bedding factory and a vacant lot on Marlboro Street.
These are two- and three-story apartment buildings that have the rhythm and feel of traditional Chelsea architecture with a fresh, very attractive look. Janus Highland Apartments were designed by the award-winning firm Icon architecture, and are managed by WinnResidential, providing professional management with a resident-centered perspective. All units are affordable to households with incomes at or below 60% of area median income, and some units are supported by project-based rental assistance.
|Total Development Cost||$10.8 million|
|Development Type||New construction|
|Number of Units||41 rental apartments|
|Affordability||41 under 60% AMI|
|Developer/Sponsor||The Neighborhood Developers|
|Development Consultants||David Koven, Peter Munkenbeck|
|Owner||Janus Highland LP|
|Architect||ICON architecture, inc.|
|Contractor||NorthEast Interiors, Inc.|
|Investor/ Limited Partner||MMA Financial|
|First Mortgage||Massachusetts Housing Partnership|
|Lenders||Massachusetts Transit Oriented Development Funds, DHCD HOME Funds, North Suburban Consortium HOME Funds|
|Equity Investment||NeighborWorks America|
|Construction Loan||Citizen’s Bank|