news & press

The Mount Vernon Company and Beacon Communities have acquired 140 Clarendon St. for $51.25 million. They have also broken ground on the redevelopment of the YW Boston headquarters located at 140 Clarendon St. in the city’s Back Bay.

The redevelopment of the historic YWCA building will create 210 units of affordable housing in the Back Bay including dedicated units for formerly homeless individuals

$100 million-plus project will create 210 units of low-income housing, many for the formerly homeless.

Cambridge-based PCA has completed Arthaus, an art-focused residential development in the heart of Boston’s Allston neighborhood. According to PCA principal Dave Snell, Arthaus was fully leased prior to completion.

Bruce A. Percelay is chairman and founder of Mount Vernon Company, a real estate investment and development firm known for improving communities and investing in sustainable, award-winning design. PCA and Mount Vernon Company have worked together on mixed use, residential and hospitality projects totaling more than 750,000 square feet over the past decade. The latest collaboration is Arthaus, a five-story residence with 74 apartments and a separate four-story building with nine condominiums.

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.