Mayor Carlo DeMaria recently attended the Topping Off Ceremony of the former Charleston Chew property, currently being redeveloped by Andy Montelli, of Post Road Residential. The Topping Off Ceremony included the addition of the last piece of steel to be added to the development.
The new development, named “The Batch Yard” in honor of its history as a candy factory, will be a luxury apartment complex made up of three buildings consisting of 328 market-rate rental units. A major private development and investment for Everett, the $90 million dollar project is predicted to compete with similar housing developments in Cambridge, Somerville, and Medford.
Looking to the future, the Batch Yard is part of the Mayor and his administration’s continuous work towards revitalizing the Lower Broadway Area. The administration has worked extensively on City planning and development studies, such as the Lower Broadway Master Plan and the Municipal Harbor Plan, that have been conducted, as well as the business-friendly practices and incentives.
Montelli has recently expressed to the Secretary of Housing and Economic Development, Greg Bialecki, his positive experience while developing in Everett. Citing his gratitude and appreciation to the City and Mayor DeMaria, and calling Everett a great place to conduct business, Montelli stated, “We’ve developed high-end luxury apartments from Washington, DC to Boston – but this project will go on the cover of our (company) brochure.”