news & press

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.

It takes a special kind of property to reflect its location and culture, but it takes a truly interesting property to reflect its history, and then share that with guests through design. Newly opened, The Revolution Hotel in Boston not only showcases the city’s storied past through its decor and art installations but is a piece of artwork itself.

Another boutique hotel is coming to the South End, this one with an unusual spin on the city’s history, from fine arts to disco. Mount Vernon Co. said it will open the Revolution Hotel later this year, turning the former YWCA at 40 Berkeley St. into a 164-room hotel that will “reflect Boston’s rich history of notable innovations, rebellious individuals and revolutionary events.”

BOSTON—Some investors buy on the margin. In Allston-Brighton, Mount Vernon Co. just bought on the hyphen. The homegrown firm led by founding principal Bruce Percelay paid $12 million Friday for 103 North Beacon St. a 27,350-sf commercial building Boston Realty Advisors listed for sale this March, the well-regarded 1.5-acre property serving as longtime home to Wolfers Lighting and its elaborate showroom.

Mount Vernon Co. has just paid fellow homegrown developer Clifford Long $6.8 million for a chic 12-unit South End Inn, as usual the deal done with a broader scheme in mind. Chandler Studios complements a 210-unit hotel at 40 Berkeley St. MVC founder Bruce A. Percelay purchased in April 2014 for $17.2 million.

Boston real estate investment firm and landlord Mount Vernon Co. is seeking city permitting for a five-story, 74-unit apartment building in Boston’s Allston-Brighton neighborhood and a separate four-story building with nine condos across the street.

In the face of a new year, Boston’s development community says more housing is a necessity if the city expects to continue courting corporations and the office expansions they provide.

As Boston loiters in the HQ2 purgatory awaiting Amazon’s short list, two of its biggest names in CRE think the city is on solid footing. But that does not mean Beantown is invincible.