Project and Asset Management Update

As of April 1, 2013, project management and asset management services for Mitchell Properties' ventures are now provided on a contract basis to Mitchell Properties by Traggorth Companies, headed by Dave Traggorth, former Director of Development at Mitchell Properties.   Dave continues to supervise all project management work on Mitchell Properties projects, as he did prior to April 1, 2013 at MP. Dan Hubbard of Traggorth Companies, formerly Director of Asset Management at Mitchell Properties, supervises all asset management work on MP projects. Mika Fontaine and Carol Burt of Traggorth Companies manage all the financial books and accounts for Mitchell Properties transactions.

Standard Box Awarded State Funding

This past Thursday, The Standard Box Apartments in Chelsea was awarded DHCD housing subsidy and low-income housing tax credits which will allow the project to rapidly proceed forward and essentially complete the Box District with 96 units of housing, 21 of which will be affordable to families at or below 60% AMI. 

Please check back for more updates frequently as we work towards a construction start!

For more information on the award click here.

Box District Highlighted in NAHB Magazine and Other News

Dave Traggorth, Director of Development, was quoted in this winter’s issue of Land Development, a publication of the National Association of Home Builders (NAHB). Speaking about the Box District in Chelsea, neighborhood to Atlas Lofts and Standard Box Apartments, he discussed how the Box District provided remarkable results in a tough market. Read the full article by clicking here.

IN OTHER NEWS: 

In this week’s issue of Boston Business Journal, 225 Centre was featured as one of Ten Notable Projects Shaping Boston’s Skyline.  225 is the first parcel under construction in the overall Jackson Square masterplan, a $250 million revitalization containing over a dozen new buildings.  The full article is available to subscribers or at newsstands now.