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Boston & New England  + Metro Boston  + Senior Housing  | 

Winn Acquires Somerville Seniors Complex, Will Increase Affordability

WinnDevelopment has acquired a 97-unit mixed-income seniors community in Somerville, MA, from the Visiting Nurse Association of Eastern Massachusetts. The acquisition will make the community more affordable and marks the start of a $17.3-million renovation project.

The renovation of the property, which will be renamed The Somerhill, will create an all-electric community that uses at least 40% less energy, WinnDevelopment said. Under its new affordability configuration, market-rate apartments at The Somerhill have been reduced from 24 to 19 and units available at 60% of Area Median Income have increased from 24 to 29.

“We’re pleased to get underway with a project that will make an important source of senior housing in metro Boston more affordable and significantly more environmentally sustainable,” said WinnDevelopment president Adam Stein. “It took a strong partnership among local and state government and private financial institutions to reach this milestone.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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  • ◦Development