Cohousing-L Mailing List: A "Cohousing Cousin" Opportunity in an Urban Setting : A Pioneering Central Location

[Peg Blum (pegb]

Gwen Noyes, who lives here at Cambridge Cohousing (and is a partner in
Oaktree Development) has asked me to post this for her.


Oaktree Development is currently renovating an existing small apartment
building in the Boston suburb of Medford in such a way that it lends itself
very well to a cohousing way of living. The "classic" 24-unit brick
structure was built very sturdily in 1929, and is now being substantially
rehabbed into both condominium and rental units.  It is within a couple
minutes' walking distance to Medford's attractive, historic urban center.
Good express bus service into Boston is readily available and I 93 is a few
blocks away.  The building affords wonderful south facing views over Boston.



"Cohousing Cousin" is the term we're using for the development (coined by
Chuck Durrett)  because the property is already being renovated, the
financing is in place, renovation costs have firm estimates, and the sale
and rental prices will soon be determined.  If a modified cohousing group
forms, it will need to grow its ability to make decisions together while the
renovation is happening. The community would need to come together without
the traditional trials of development. Occupancy begins this spring, 2002,
so the window of opportunity is limited. If the individuals who eventually
buy and live in this building choose to function as a cohousing group, there
will be space to be finished which lends itself to shared meals and
community life.



Sales information:

Of  the 24 units, 6 are currently vacant and under renovation. We will know
very soon exactly how many will be available for purchase and for rent.  To
obtain specific information, or to indicate an interest, you are invited to
contact Jean Le Vaux, of DeWolfe Real Estate, in Cambridge, at (617)
864.8892 x 223 or by email at:jlevaux [at] dewolfe.com

Posted by Peg Blum, Cambridge (MA) Cohousing
pegb [at] cambridgecohousing.org






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