123-145 Cambridge Street | Charlestown, MA

Colliers Capital Markets has been exclusively engaged by RISE (the “Sponsor”) to arrange construction financing for 123-145 Cambridge Street (the “Project”), a 52-unit multifamily rental development project in the Sullivan Square neighborhood of Charlestown, MA. The developer, RISE, is a Boston-based community-oriented development company with a fully integrated construction management arm, with direct and principal experience spanning a broad range of development projects throughout Greater Boston.

Upon completion, the Project will consist of a six-story building containing 52 rental units, along with 14 parking spaces and 1,336 SF of commercial space. 24 of the 52 units will support Boston Housing Authority (BHA) vouchers, while the remaining 28 will be market rate. The Project is expected to break ground this Summer, with construction completion projected for Q1 2025. 

The Project is well-situated at the gateway to the northern corner of Boston, stitching the Mystic River waterfront to Cambridge Crossing and Assembly Row to Charlestown’s neighborhoods. The area benefits from direct access to the MBTA Orange Line and I-93 and continues to see investment as a burgeoning live-work-play neighborhood of Boston. Charlestown boasts favorable demographics bolstered by proximity to growing job centers and world class institutions, resulting in population and household income growth in the area as well as low vacancy rates.