Treadmark is an 83-unit, six-story building located at the end of the southern end of the MBTA’s Red Line, at Ashmont Station. The site was formerly the home to Ashmont Tire shop for the past 40 years and was an underutilized site. The unit mix includes 51 Low Income Housing Tax Credit (LIHTC) rental units, affordable up to 60% of the Area Median Income (AMI) and 32 for sale condominiums. Four of the condominiums meet the requirements of the City of Boston’s Inclusionary Development Policy (80-100% of AMI), 16 units are affordable to individuals making up to 110% of AMI (workforce units) and the balance are market rate.
The building also includes 5,000 square feet of ground floor neighborhood retail and 32 spaces for parking (30 garage spaces and 2 surface spaces). The project will enhance the streetscape with the addition of street trees and street furniture down the block as well as the creation of 8 on-street parking spaces in front of the building. Following its sister property, The Carruth, Ashmont TOD2 is the second new construction building to be built in and around the Ashmont/Peabody Square area over the past 10 years and will be ready for occupancy in July 2017. The building will add to the vibrancy and growth that is already well underway in and around the Ashmont/Peabody Square neighborhood. The building is designed by The Architectural Team with interiors by celebrity designer, Taniya Nayak.
Type: Mixed Income, Mixed-Use
Total Development Cost: $45 Million
Units: 83 / Retail: 5,000 sf