DENVER, CO – April Housing, a Blackstone Real Estate portfolio company, and Dominium, a leading affordable housing owner, developer, and manager, announced plans to develop 222 age-restricted units of new affordable housing in Aurora, Colorado. In line with April s mission to preserve and make new affordable housing across the country, Blackstone is providing $37 million of tax credit equity to start development of the community, which will be named Atria at Metro Center.
This builds on April Housing and Dominium s development of 568 low-income tax credit units to date, bringing the total to nearly 800 new, affordable units, made possible by the relationship with Dominium and Blackstone s cumulative $116 million investment.
Atria at Metro Center will be an age-restricted, seniors property, which will be available to those earning on average at or below 60 percent of the area median income. The property will be situated in Aurora near the light rail and several major highways, convenient shopping and medical centers, and Denver International Airport. Atria at Metro Center will feature several community amenities including a clubhouse, business center, exercise facility, library, and beauty salon. The development will also include a pocket park and public art.
Dominium is excited about the opportunity to be able to make 222 new affordable homes for Colorado seniors. It s taken a team of committed lenders along with April Housing as an equity partner to be able to start construction on these vital homes, said Ron Mehl, Dominium s Senior Vice President & Project Partner in Colorado.
We are delighted to build our third affordable community in partnership with April Housing and Blackstone, said Mark Moorhouse, Managing Partner and Executive Vice President of Development at Dominium. Both April Housing and Blackstone have been tremendous partners, and we couldn t be more excited about what we can accomplish together for the residents and communities we serve.
Making communities like this one adds to critically needed affordable housing supply while facilitating financially stable, independent lives for seniors, said Alice Carr, CEO of April Housing. We are proud to be part of this development project, are grateful for Blackstone s investment and look forward to continuing to grow our relationship with Dominium.

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PEABODY, MA – Trammell Crow Residential (TCR), the multifamily development platform of Crow Holdings, announced construction has commenced on its latest Alexan community, a 180-unit, luxury multifamily residence in Peabody, Massachusetts. TCR will serve as both the developer and general contractor on the project.
Alexan Peabody, a four-tale, luxury multifamily development, will be located at 128 Newbury Street along Route 1. Construction completion is anticipated for Q4 2025. Alexan Peabody will offer both market-rate and affordable studio, one-bedroom, two-bedroom, and three-bedroom units. Permitted as a 40B development, 25% of the units will be allotted as affordable housing at 80% of Area Median Income.
Each unit will be equipped with stainless steel appliances, wood-style plank flooring, in-unit washers and dryers, and spacious walk-in closets. Additional first-class amenities include a resort-style pool, outdoor courtyards, grilling stations, a state-of-the-art fitness facility, a business center, and a resident event room complete with a gourmet kitchen, gaming room, and library.
Ideally situated along Route 1 just one mile north from I-95/Route 128, Alexan Peabody will provide residents convenient commutes to the region s largest employment corridors in Boston, Cambridge, Burlington, and Waltham. Nearby lifestyle centers including MarketStreet Lynnfield and Northshore Mall which will provide plentiful dining and entertainment options for residents after work and on weekends.
Alexan Peabody provides much-needed market-rate and affordable housing to Boston s North Shore. The development of the site will beautify a previously clear-cut parcel of land, and we re appreciative of the cooperative working relationship with the neighbors and the City of Peabody that helped make this project possible, said Andy Huntoon, Managing Director, Northeast Division of Trammell Crow Residential. We believe there is an incredible opportunity to continue to meet Greater Boston s housing demand while making jobs and providing solid risk-adjusted returns for our financial partners.
Last year, TCR announced the groundbreaking of Alexan Waltham, a 210-unit luxury multifamily community in Waltham, Massachusetts, slated to be completed in Summer 2025. With the addition of Alexan Peabody, TCR s Northeast apartment portfolio has more than 1,600 apartment units in various stages of development.

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FRAMINGHAM, MA – The historic Bancroft building, which dates back to the early 1900s, has been preserved and given a new purpose by Washington Square Ventures, which has transformed the former factory into 258 apartment homes that are professionally managed by Greystar. The project was awarded a 2023 Preservation Massachusetts Mayor Thomas M. Menino Legacy Award, which recognizes excellence in historic preservation statewide.
The Lofts building is an ancient mill building that has served as a car manufacturing plant as well as other crated goods throughout the 20th century and was previously home to artists at the Fountain Street Gallery. Some of the industrial components, like raised beams and factory-style windows, have been restored and remain in the Loft building.
“The Bancroft Building is a key piece of Framingham’s economic history, having served several purposes throughout its life, and we wanted to make sure it endured for another purpose,” said Matt Faris, Co-Founder and Managing Partner of Washington Square Ventures. “It started its life as a shoe factory, served as a military supply factory as Bancroft Cap Company, and even saw Bay State Autos manufacture automobiles.”
A brand-new building on the property, The Vista, is a ground-up traditional apartment building and features sweeping views of Farm Pond, while the site’s former power station has been transformed into a 4,500 sq. ft. amenities hub highlighted by a resort-style swimming pool, lounge with TVs, fire pits and turf, outdoor grilling stations, and a top-notch fitness center inside. Washington Square Ventures is also working on a second phase of Bancroft Lofts with an expansion that would add 300 more apartment homes to the community.
Washington Square Ventures spent the time lovingly restoring the Bancroft Building, using sustainable building practices, and now Bancroft Lofts is a fantastic example of Framingham’s reinvention. The vibrant downtown is close to transit, restaurants, many with Brazilian cuisine, and local businesses like Jack’s Abby Craft Lagers, a local favorite and official beer of the Boston Celtics. Bancroft Lofts partnered with Jack’s Abby to design a special pint glass used as a go-in gift for residents.

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