MINCO began a collaboration with the City of Newburyport over 10 years ago to develop a Smart Growth overlay district adjacent to the Newburyport MBTA station with the intent to create a neighborhood with distinctive, attractive, and compact designs to provide a strong sense of community. There are 2-bedroom live/work units on the first floor and amenity space. The building offers 24 studio units, 24 one-bedroom units, 24 two-bedroom units, and 12 three-bedroom units. Twenty-five percent of the units are designated for affordable Chapter 40R “Smart Growth” housing. Three Boston Way will consist of 84 multifamily units with an underground parking garage, and offers a variety of unit types to fit the needs of residents. “Newburyport Crossing at Three Boston Way is the start of what we’re seeing as a new wave of carbon-conscious development and we’re honored to be a part of this important work.” Minicucci, Jr., President and Founder of Minco Development Corporation, to support this innovative housing development in Newburyport,” said Nancy Bailey, Senior Vice President of Commercial Lending at Rockland Trust. “Rockland Trust is delighted to work with Louis P. Three Boston Way will be one of the few Passive House multifamily projects designated in the Northeast, which means that the building itself is certified to deliver significantly less energy for space conditioning and over 60% less energy overall by leveraging natural light and highly efficient HVAC systems. Newburyport, MA – Ap– Rockland Trust partners with Newburyport Bank to provide a $30.6 million loan to MINCO Development Corporation for the construction of their energy-efficient Passive Housing residential development, Newburyport Crossing at Three Boston Way in Newburyport. Applying for a Business Loan: Tips for Getting Started.Back to Basics: Preventative Measures Against Scams.
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