The second entry for the seniors housing Global Awards 2017 has been received.
Beacon Communities, a Boston-based multifamily real estate development firm, has plans to rehabilitate Quincy Tower, a 16-story elderly affordable housing community at 5 Oak St. West in Boston’s Chinatown neighborhood.
Beacon is proposing a $71 million capital improvement program at the 162-unit property, which was completed in 1978. The improvements will “ensure the building’s continued safe and efficient long term operation,” and include improvements to the building exterior, upgrading common areas, improvements to the property’s mechanical and hot-water systems, replacing cabinetry and finishes and upgrading the building’s accessibility.
