Developments > Kimball Court
This mixed-income project is located on an 11.5-acre site on the Burlington town line, close to Route 128. The $20.7 million loan ($7.7 million of which was financed by Eastern Bank) is being used for construction of 174 apartment units, 39 of which are affordable, in 2 new, 7-story buildings. This development represents the third phase of a 524-unit mixed-income apartment complex. Construction is expected to be completed by mid-2002.
Kimball Court
Project at a Glance:
Location:
Woburn
Development Type:
Rental
MHIC Financing:
$12,600,000 in debt financing
Sponsor:
Joseph R. Mullins Company
Number of Units:
174
This mixed-income project is located on an 11.5-acre site on the Burlington town line, close to Route 128. The $20.7 million loan ($7.7 million of which was financed by Eastern Bank) is being used for construction of 174 apartment units, 39 of which are affordable, in 2 new, 7-story buildings. This development represents the third phase of a 524-unit mixed-income apartment complex. Construction is expected to be completed by mid-2002.