The Metropolitan
Boston, MA (Chinatown)
| Category | Rental, Condominium, Tax Credit, Mixed-Use |
| Size | 251 Units, 450,000 GSF Total |
| Architect | The Architectural Team, Inc. |
| TDC | $93.6 Million |
| Financing | MassHousing, Massachusetts DHCD, City of Boston, SunAmerica Affordable Housing Partners, Citizens Bank |
| Completion | 2005 |
EA Fish was designated for the Metropolitan along with a non-profit limited partner, the Asian Community Development Corporation, through an RFP process run by the Boston Redevelopment Authority.
After a three-year predevelopment process that involved close collaboration with community leaders on the program, a comprehensive City, State and Federal permitting process, and the assemblage of a complex capital structure that included a $64 Million construction loan and the syndication of 9% Low Income Housing Tax Credits, EA Fish successfully broke ground on the 23-story Metropolitan tower.
In excess of 450,000 square feet, the project includes 251 residential units (both for-sale and rental), underground parking facility, a landscaped public park, and 40,000 square feet of commercial space for office, education and retail use.
Development challenges included the need to create a condominium regime to incorporate the building's myriad uses and mitigating construction impacts in a dense urban setting. The housing component addressed a broad spectrum of resident income levels where units range from multi-million dollar duplex condominiums to rental apartments for seniors earning less than 30% of the area median income.
© EA Fish Development 2024