One First Street

Cambridge, MA

 

 

Investment Summary:

Redevelopment of former NECCO (New England Confectionery Company) Candy Factory into mid-priced residential condominiums.

Project Description:

Five Buildings wrap a private gated courtyard, built above a single level of below grade parking. Five smaller buildings create the intimacy of an urban neighborhood, but in aggregate provide the economy of scale required to support the services and amenities of a first class development.

Investment Date:

July 21, 2004

First Occupancy:

Fall 2006

Phase I:

159  - 1, 2 and 3 bedroom condominiums, 6,900 sq ft retail, 149 underground parking spaces

Phase II: 

37  - 1, 2 and 3 bedroom condominiums, 2,200 sq ft retail, 40 underground parking spaces and 14 surface parking space

Site:

1.5 acres

Location:

Across the street from the MBTA, Lechmere, Green Line Subway Station in East Cambridge, MA. Walking distance to MIT and Kendall Square.  Steps from Canal Park and the Charles River which provide numerous recreational and cultural opportunities.  Walking distance to Mass General Hospital and Boston’s Beacon Hill and Back Bay neighborhoods.

Square Footage: 

295,793 gross square feet

Unit Mix: 

66 one bedroom, 121 two bedroom and 9 three bedroom units

Amenities: 

24 hour concierge, private gated courtyard, common roof deck, fitness room, common room/library, common area wireless internet access.

Website:

www.onefirst.com