The Carruth is a transit-oriented development that involves the construction of 116 units of mixed income housing and approximately 10,000 square feet of neighborhood retail on a site directly adjacent to the Massachusetts Bay Transportation Authority‘s Ashmont Peabody Square Station in the heart of historic Peabody Square. The development parcel is the subject of a long-term ground lease between Trinity and the MBTA. The proposed building is planned as a six-story structure with one floor of neighborhood retail and five stories of housing. Floors 2-4 will include 74 affordable rental units and floors 5 and 6 will include 42 market rate condominiums. Construction began in August 2006 and is occurring in unison with the MBTA’s total reconstruction of the adjacent Ashmont Peabody Square Station. For more information, visit www.thecarruth.com.
Type: Mixed-Use, Transit-Oriented Total development cost: $52.6 Million Units: 74 rental, 42 condo, 10,500 sf retail Completion: 2008