Senator Sal Didomenico, Representative Daniel Ryan, Assistant Secretary Mike Kennealy and Attorney Eugene O’Flaherty joined the project team to celebrate new residential project
Hood Park LLC hosted a groundbreaking ceremony this morning at 480 Rutherford Avenue in Charlestown where its 177-unit residential project will soon be underway. 480 Rutherford Avenue is the first residential project at Hood Park, a 20-acre development permitted for over 1.1 million square feet located at the former H.P. Hood Plant in Charlestown. Designed to echo the existing buildings, the 480 Rutherford Avenue project will be a state of the art, LEED Platinum certified residential project. It will provide a diverse mix of studio, one-bedroom, and two-bedroom units, including 23 affordable units in furtherance of Mayor Martin J. Walsh’s goal to add 53,000 new housing units by 2030 as detailed in the Mayor’s housing plan, Housing a Changing City: Boston 2030. Upon completion, it will feature garage parking, bike storage, resident lounge, community kitchen, fitness/yoga studio, dog amenities, outdoor courtyard with city views, 24/7 security, and 10,500 square feet of additional retail amenities.
"480 Rutherford Ave builds upon the progress we have made creating a range of housing options to meet the needs of our growing population," said Boston Mayor Martin J. Walsh. "This project adds to the redevelopment of Hood Park and creates jobs and improves the public realm for our residents."
Over the course of the next two years, the project will create approximately 250 construction jobs and another 40 permanent jobs once open. The project will also provide streetscape improvements along Rutherford Avenue and within Hood Park.
Owner/developer, Hood Park LLC, has assembled a comprehensive team of experts to bring the project to fruition. Project managers from Colliers International, construction managers from Lee Kennedy Company, architects from CBT, and management/leasing representatives from Bozzuto Management Company were all in attendance along with Senator Sal Didomenico, Representative Daniel Ryan, Assistant Secretary Mike Kennealy and Attorney Eugene O’Flaherty to celebrate this exciting project kick-off.
“Expanding upon the success of the commercial redevelopment of Hood Park, we are excited to bring a residential component to the project,” said Chris Kaneb, manager of Hood Park LLC. “It will undoubtedly bring a 24/7 vibrancy to the park, achieving our organization’s long-range vision for a complete, mixed use transformation."
About Hood Park
Hood Park is a master-planned urban campus that pairs modern amenities with historic nuance. Originally home to the quintessential New England dairy company H.P. Hood and Sons, the site now offers a unique alternative to Cambridge and Downtown Boston for companies seeking contemporary and flexible work space. The 20-acre campus is undergoing comprehensive improvements, transforming buildings into distinctive, Class A office and Research & Development space in the heart of Boston’s vibrant Charlestown neighborhood.
About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIGI is an industry-leading global real estate services company with more than 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 12 consecutive years, more than any other real estate services firm.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn. To see the latest news on Colliers International in Boston, follow @Colliers_Boston.
About Lee Kennedy
Celebrating over 39 years of building partnerships, Lee Kennedy Co. is a full-service contractor that provides general contracting, construction management, preconstruction, program management and design/ build services. The company’s extensive portfolio includes work in a variety of industry sectors, including academic, institutional, commercial, interiors, life sciences, and hospitality. For more information, go to: http://www.leekennedy.com
