Powderhouse Square Condominiums
Medford, Massachusetts
The project is located on Boston Avenue near Tufts University and close to Davis
Square in Somerville. The project design connected 9 buildings of six units with
an exterior style resembling the triple decker homes in the local neighborhood.
Underground parking for 68 cars was constructed in the below grade foundation
space. The wood frame was panelized and constructed in sections reducing the construction
period by two months. The primary buyers were either first time home buyers or
parents of local college students who purchased the condominium units as long
term Real Estate investments. The project team included the Sharkey Design Group,
NJR Construction, JP Ventures and Century 21.
| Project Summary: | 54 Residential Two Bedroom Condominium Units, 68 Car Underground Parking Garage |
| Total Project Sales: | $14,200,000 |
| Financing: | Bank Five for Savings, Private Equity |
| Primary Services: | Development management involved with acquisitions, financing, approvals, design and construction oversight. |
