Elm Place

1066 Cambridge St

At the corner of Cambridge and Elm Streets, a formerly vacant antiques mall has been replaced by 19 newly constructed affordable rental homes and one new commercial space. With the support of the City, Just A Start Corporation (JAS) completed the redevelopment of this underutilized site in 2011, and it is now part of the vibrant stretch of Cambridge Street between Inman Square and East Cambridge.

Formerly a hardware store for many years, 1066 Cambridge Street was used as an antiques mall prior to closing and was vacant prior to JAS purchasing the property. The new building was constructed to LEED Gold standards, maximizing energy efficiency and minimizing waste. In addition, a large photovoltaic array on the roof provides electricity for the common areas.

The retail space is occupied by Hub Bicycle Co., a locally-owned business providing full bicycle repair service, parts and workshops.

Construction was completed in 2011. The project is fully occupied, including Hub Bicycle Co. in the retail space.

Land Area:         

  • 16,077 sf

Units:                 

  • 19 rental units - six 3-bedroom, ten 2-bedroom, three 1-bedroom

Parking:             

  • 19 covered and open spaces at grade

Funders:           

  • Cambridge Affordable Housing Trust Community Preservation Act Funds
  • Harvard 20/20/2000 Loan Fund
  • 9% Low Income Housing Tax Credits - Cambridge Savings Bank and Brookline Bank as investors
  • Department of Housing and Community Development (DHCD) Housing Stabilization Fund
  • DHCD Community Based Housing Fund
  • DHCD Commercial Area Transit Node Housing Program (CATNHP)
  • Cambridge Savings Bank
  • Cambridge Housing Authority Project Based Assistance

                            

  • 1066 Cambridge St
  • 1066 Cambridge St
  • 1066 Cambridge St
  • 1066 Cambridge St
  • 1066 Cambridge St
  • 1066 Cambridge St