news & press

City leaders and the development community should work together to stimulate the production of affordable housing.

The City of Boston is pleased to announce that partnerships with the Mount Vernon Company and TLee Development have resulted in the acquisition and preservation of 54 units of naturally occurring affordable housing through the Acquisition Opportunity Program (AOP).

Newton-based National Development and Boston-based The Mount Vernon Co. plan to jointly develop a three-building, 650,000-square-foot life science and office campus at 1170 Soldiers Field Road in Allston, the longtime home to WBZ-TV’s studio.

City officials have signed off on a new studio for WBZ-TV in Allston, which could in turn make room for more large-scale new development in the fast-changing neighborhood. A venture between two veteran Boston developers — National Development and Mount Vernon Co. — won Boston Planning & Development Authority approval Thursday to build a 63,000-square-foot studio along Soldiers Field Road.

Boston - The trek began over two years ago and the finished vision will take at least as long to be realized, but a significant milestone is being celebrated in approval of a 21st century television studio for media staple WBZ being built under a joint venture between Mount Vernon Co. and National Development.

Beacon Communities and Mount Vernon Company (MVC) have entered into a purchase agreement with YW Boston to preserve the historic 140 Clarendon Street YWCA Boston property in Boston’s Back Bay neighborhood. The property will maintain a mix of residential, commercial, educational, and cultural uses and will convert the 66-room hotel and 118 apartments into 210 affordable apartments. Nearly half will be set aside as permanent supportive housing for individuals who have previously experienced homelessness.

The longtime home of Boston’s YWCA will soon get a new life as affordable housing in one of the city’s swankiest neighborhoods. Developers Beacon Communities and Mount Vernon Co. are set to file plans with the city Friday to convert the 13-story building at the corner of Clarendon and Stuart streets in the Back Bay into a 210-unit affordable housing development, with nearly half set aside as permanent supportive housing for formerly homeless people.

The Mount Vernon Company has completed construction of the Radius Apartments, a 132 unit multifamily community located at 530 Western Avenue in Brighton, MA. The building will earn green building certification through LEED Multifamily Midrise v2010. LEED is a comprehensive certification program that takes a holistic view of building sustainability, including low impact site and landscaping; water efficiency; energy efficiency; low-impact and healthy materials; and high indoor air quality.