25 Garvey Street

Quick facts

City: Everett

Development partner: Impact Residential Development

Expected Construction start date: 2025

Development type: New construction

Number of new homes: 125 rental apartments (9 studios, 29 one-bedroom, 73 two-bedroom, and 14 three-bedroom)

Affordability: 17 homes at <30% AMI, and 107 homes at <60% AMI

Overview

The redevelopment of 25 Garvey Street will create 125-unit affordable homes for families in Everett’s Commercial Triangle Economic Development District (CTEDD). The project will address Everett’s shortage of family housing affordable for low-income households. The proposed building will include 125 units in five residential stories over a podium parking garage. Ground floor uses include the lobby, management office and amenity area, bike storage, package delivery area, as well as parking, trash/recycling room and mechanical areas. The main community room is located on the second floor. The community room is adjacent to the courtyard and designed to flow into this outdoor space for larger events. The expansive courtyard will be located as the property’s primary outdoor open space and will include a children’s play area, BBQ area, seating areas, and planters for growing vegetables. The courtyard is south-facing and will get excellent sun throughout the year. The project includes a 78-car at grade parking garage. In addition, 15 surface parking spaces are provided to the rear of the building for a total of 93 parking spaces. All four accessible parking spaces are located adjacent to the building entrance within the garage.

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Development team

PUBLIC + FINANCIAL PARTNERS

• City of Everett

• North Suburban HOME Consortium

• Executive Office of Housing and Livable Communities

• MassDevelopment

• Community Economic Development Assistance Corporation (CEDAC) 

• MassHousing

• Massachusetts Housing Partnership

• First Citizens Bank

• Eastern Bank

• National Equity Fund (NEF)

PROJECT CONSULTANTS + CONTRACTORS:

• Callahan Construction Managers

• The Architectural Team 

• Bohler

• RBLA Design 

• Studio Luz Architects 

• GEI

• Resonant Energy

• New Ecology

• Vanasse & Associates, Inc.  

• Port One Companies 

• Bonz and Company, Inc. 

• Klein Hornig LLP

• Nelson Mullins

• Baker Hostetler 

• Hemenway & Barnes 

OWNERSHIP + OPERATIONS:

• Real Estate: Impact Residential Development, The Neighborhood Developers, Tableau, Lapstone, Tierney Development

• Property Management: WinnCompanies

• Resident Services: TND and Housing Families Inc.

• Boards of Directors and in-house teams from across our organizations