Suffolk Construction Awarded Phase Two of Old Colony Redevelopment Project

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Upon successfully completing Phase One, Suffolk Construction has been selected to manage construction on Phase Two of The Homes at Old Colony redevelopment project in South Boston. The $50 million project will feature demolition of 223 distressed units and construction of 169 affordable rental units located in four three-story townhouse-style buildings and two four-level elevator buildings.

Suffolk recently joined developer Beacon Communities Development LLC, The Architectural Team, and government officials to celebrate the groundbreaking of Phase Two, which will be completed in May 2014.

Prior to the redevelopment, the Old Colony public housing development was the most physically distressed property in the Boston Housing Authority’s portfolio. As a result, the BHA developed a master plan and successfully applied for and received $44 million in federal funding which allowed the multi-phase redevelopment effort to go forward.

The Old Colony project is being funded through several public-private partnerships. The first phase included stimulus funds through the American Recovery and Reinvestment Act, while Phase Two includes a $22 million federal HOPE VI grant from the U.S. Department of Housing and Urban Development, as well as funding from Massachusetts Housing Finance Agency, U.S. Bank, Community Economic Development Assistance Corporation (CEDAC), Boston Community Loan Fund, City of Boston, AFL-CIO, and Commonwealth of Massachusetts Department of Housing and Community Development.

About Suffolk Construction Company
Suffolk Construction is one of the most successful privately held building contractors in the country. With annual revenue of $2 billion, Suffolk provides preconstruction, construction management, design-build, and general contracting services to clients in the healthcare, science and technology, education, federal government, and commercial sectors. Suffolk’s corporate office is based in Boston, Massachusetts, and the company has a strong national presence with main offices throughout the Northeast, Mid-Atlantic, Southeast, and West regions.

Renderings courtesy of The Architectural Team.