Janus Highlands
The Janus Highland Apartments, offering a total of 41 one-, two-, three-, and four-bedroom units, are located on three parcels within the Box District on the sites of the former Janus Fabrications Company and the Atlas Bedding factory and a vacant lot on Marlboro Street.
These are two- and three-story apartment buildings that have the rhythm and feel of traditional Chelsea architecture with a fresh, very attractive look. Janus Highland Apartments were designed by the award-winning Icon Architectural Group, and are managed by Cornu Management Company, providing professional management with a resident-centered perspective. All units are affordable to households with incomes at or below 60% of area median income, and some units are supported by project-based rental assistance.
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| Date Completed |
February 2008 |
| Total Development Cost |
$10.8 million |
| Development Type |
New construction |
| Number of Units |
41 rental apartments |
| Affordability |
100% for < 60% AMI |
| Developer/ Sponsor |
Chelsea Neighborhood Developers |
| Development Consultants |
Peter Munkenbeck
David Koven |
| Owner |
Janus Highlands LP |
| Architect |
Icon Architectural Group |
| Contractor |
NorthEast Interiors, Inc. |
| Property Manager |
Cornu Management Group |
| Investor/ Limited Partner |
MMA Financial |
| First Mortgage |
Massachusetts Housing Partnership |
| Lenders |
Massachusetts Transit Oriented Development Funds |
| |
DHCD HOME Funds |
| |
North Suburban Consortium HOME Funds |
| Equity Investment |
NeighborWorks America |
| Construction Loan |
Citizen’s Bank |
