news & press

A host of development projects outside of hot areas in and around downtown win approval - a surge with the potential to add housing in the less-pricey neighborhoods where demand outstrips supply. 

The Mount Vernon Co., a Boston-based apartment owner, and developer, this week filed expanded plans with the city regarding its proposed 132-unit residential complex on Western Avenue in Brighton. The company is planning a 128,052-square-foot, six-story residential building with three retail stores at 530 Western Ave.

Extravagance and environmentalism don’t seem like natural soulmates, but in Boston a new set of developments seamlessly combines the amenities and modern sensibilities of today’s luxury living with eco-conscious construction. 

Although our small city has a finite amount of land, the property markets have shown us a grand opportunity to build in areas that weren’t deemed possible before.

CAMBRIDGE — The global retail corner of Main & Main is for sale here in Harvard Square, considered among the world’s most recognized urban centers...

BOSTON—When selling 16-24 Union Park St., a coveted residential/retail building in the evolving South End, exclusive listing agent Boston Realty Advisors had Mount Vernon Co. at “Hello,” MVC Chairman Bruce A. Percelay recounts following his firm’s $5.42 million purchase that has just closed with $4.0 million in financing from Cambridge Trust Co. arranged by Cornerstone Realty Capital.

Taking the least desirable neighborhood in Allston and turning it into a national model for environmentally sensitive living is an extraordinary accomplishment. We are proud to congratulate Bruce A. Percelay and his team for their success as a company, and in permanently improving the quality of life in Allston.