Capstone Communities LLC

Capstone Communities LLC and Hope Real Estate LLC. are thrilled to announce that Frost Terrace, our 100% affordable apartment community in Cambridge’s Porter Square, has been awarded a 2024 Robert H. Kuehn Award from Preservation Massachusetts!   This award is presented to extraordinary historic preservation projects that emphasize collaborative partnerships and innovative rehabilitation. A big thank you to all our project partners, including Bruner/Cott and Keith Construction Inc. who helped make this project such a success. Many thanks to the City of Cambridge as well, with whom we worked closely with throughout the development of Frost Terrace.    Read more about the Preservation Award in BLDUP, Inc Boston’s recent article below:   https://lnkd.in/epEiR_gV #PreservationAward #PreservationMA #affordablehousing #historicpreservation

Capstone Communities LLC principal Jason Korb recently spoke with The Boston Globe about supporting Metro Housing|Boston's Rapid Housing Initiative program, which provides rental vouchers to shelter residents in Massachusetts. In a state where access to affordable housing is a critical and pressing issue, Capstone is honored to contribute to this initiative - not only in our affordable apartments but also in our market rate apartments - as we seek innovative ways to provide stable, high quality housing for everyone. Read more about the Rapid Housing program and Capstone’s involvement in the Globe article below:    #housing #GreaterBoston 

Congratulations to Trea Lavery at MassLive.com for winning a New England Newspaper & Press Association Award for her article featuring Capstone Communities LLC and Principal Jason Korb! Thank you for sharing this story on the landscape of affordable housing development in Massachusetts and including Capstone’s and MPZ Development LLC's work on transforming The Baldwinville School Apartments in the TOWN OF TEMPLETON. Read the award-winning story below:  #development #affordablehousing #adaptivereuse

We're hiring a development associate to work on our exciting upcoming affordable developments, please share with your network!

Thank you to BLDUP, Inc for highlighting our partners Matt Zahler of MPZ Development LLC and Sean Hope and Capstone Communities LLC principal Jason Korb in its “Next Generation of Developers" series! We are honored to have the opportunity to work on some of the most exciting affordable housing development communities in the Commonwealth, and we look forward to all that lies ahead for our companies and projects in 2024.    #affordablehousing #multifamily #development 

Capstone Communities and Hope Real Estate LLC. are honored that Frost Terrace was recently featured in the U.S. Department of Housing and Urban Development's EDGE Magazine! Designed by Bruner/Cott, Capstone Communities and Hope Real Estate delivered Frost Terrace Apartments in Cambridge in 2021. We worked closely with the City of Cambridge to preserve historic elements of the site and bring the 40 100% affordable housing units to Porter Square. Thanks to all our funders including the City of Cambridge, U.S. Department of Housing and Urban Development, Cambridge Housing Authority, Stratford Capital Group, Rockland Trust, Executive Office of Housing and Livable Communities, and MHP (Massachusetts Housing Partnership). Visit the link below to read more about Capstone principal Jason Korb's interview with EDGE Magazine:

This past September, MPZ Development LLC and Capstone Communities LLC were honored to join the Executive Office of Housing and Livable Communities, Town of Bridgewater MA, Massachusetts Housing Investment Corporation, MHP (Massachusetts Housing Partnership), MassHousing, and The Life Initiative for the Grand Opening of The McElwain School Apartments. The celebration marked the delivery of 57 apartment homes to the Greater Bridgewater community, 51 of which are affordable in perpetuity. Once a school building that sat vacant for 20+ years, The McElwain School Apartments received a $1.345M Community Preservation Act contribution, the Town of Bridgewater’s first state and federal historic tax credit project and includes the first Passive House multifamily building (PHIUS) to open in Plymouth County. Thank you to our many project partners, funders and supporters who made this momentous day possible! PCA Architects Keith Construction Inc. #multifamily #development #affordablehousing #passivehouse   Photo Credit: Andy Ryan Photography

Last week Jason Korb participated on a Citizens' Housing and Planning Association (CHAPA) panel "Making the Case for More Homes" - how can we more meaningfully engage and build trust with residents where we’re creating housing? It was an opportunity to share best practices and anecdotes permitting affordable housing across the Commonwealth.

Capstone Communities was recently featured alongside our partners Hope Real Estate Enterprises on the front cover of the New England Real Estate Journal for the grand opening of Frost Terrace, a 100% affordable, transit-oriented development in the heart of Porter Square. Thank you to the team at New England Real Estate Journal for recognizing this incredibly special project and to our many project partners, the City of Cambridge, the Massachusetts Executive Office of Housing and Livable Communities, Rockland Trust, Stratford Capital Group, MHP (Massachusetts Housing Partnership), and Bruner/Cott who made our vision of an accessible, sustainable, affordable community at Frost Terrace a reality. #affordablehousing City of Cambridge Sean Hope Jason Korb

McElwain School Apartments is officially the 11th Phius certified multifamily building in Massachusetts! We are proud of our commitment to sustainability and energy efficiency in addition to our passion for high quality affordable housing. MPZ Development LLC PCA Architects New Ecology, Inc. Keith Construction Inc. Petersen Engineering Inc