Hotel conversion into 130 renovated rental units with amenities open for lottery.
The Residences at Andover Street is a conversion of an existing extended stay hotel into a 130 unit housing complex consisting of 97 market rate units and 33 affordable units, on a site containing approximately 8.75 acre community located at 1775 Andover Street. Building amenities include new laundry room, fitness room, community room with working space, new pool, children play structure, and pet relief area. Electric utilities paid by tenant; Landlord pays water and sewer. All units have one parking space. The project includes 7 handicap accessible units; 2 of which will be included in the affordable unit lotteries. Eligible applicants with disabilities in need of accessible units will have first preference for such units.
Of the 130 total units, 42 will be ready for occupancy in February 2025. Of the 42, 31 will be market rate units (22 one-bedrooms and 9 two-bedrooms); and 11 will be affordable rate units (8 one-bedrooms and 3 two-bedrooms; 1 one-bedroom will be HC accessible). The remaining 88 units will be ready for occupancy in the Spring of 2025.
There will be two rental lotteries for the affordable units. The first lottery for the 11units and will be held on March 5, 2025. The second lottery will include 22 affordable units and be held in the Spring 2025. The attached lottery application is for the first lottery only. Applicants interested in the second lottery will need to re-apply.
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