579–583 Broadway

Before After

CND substantially redeveloped the 2,800 sf commercial building at 579–583 Broadway, adding a floor and converting the building into a 4,200 sf residential building with five new apartments. Most recently home to the CAPIC Headstart office, the 1904 building was originally a funeral home. This was made very apparent when an 8-foot by 25-foot sign was discovered on the roof bearing only the words “UNDERTAKER.”

The building is located in the new neighborhood known as The Box District, where many of CND’s current development projects are located. The gut redevelopment of 583 Broadway added a floor and stairwell, producing one three-bedroom unit, two two-bedroom units, and two studios. Rents are priced to be affordable to Chelsea residents, with two units restricted to households with incomes below 65% of Area Median Income (AMI), and one unit priced to be affordable to a household with income below 50% of AMI. The design incorporates a number of sustainable materials and exceeds Energy Star standards.

Date Completed	2006
Total Development Cost	$1.2 million
Construction Type	Gut Rehab
No. of Units	5
Affordability	1 unit < 50% AMI, 2 units < 65% AMI, 2 units < 80% AMI

Owner/ Developer:	Chelsea Neighborhood Developers
General Contractor:	Northeast Interiors, Inc.
Architect:	Elton + Hampton Architects
Construction Consultant:	Matt Yarmolinsky
First & Second Mortgagee:
Lenders:	The U.S. Department of Housing and Urban Development
	MA Department of Housing and Community Development, Massachusetts CDBG Program
	City of Chelsea
	North Suburban Consortium HOME Funds
Equity Investor:	NeighborWorks America