Real Estate
1463 Dot Ave
Transit-oriented & affordable in Dorchester's diverse Fields Corner
Dorchester,
MA
Investment type:
Equity
(preferred equity)
Target raise:
$50,000
- $200,000
Minimum investment:
$500
$500
End date:
Mar 31, 2022
Mar 31, 2022
ended
Community centered. Led by and developed for longtime Dorchester residents.
Democratic. Investors elected to a Project Oversight Committee.
Income Restricted Housing. For those burdened by market rents.
Transit-oriented. Newly refurbished MBTA station is just steps away.
Net-zero. Low energy, high-performance, sustainable design.
Construction started. Permit secured and groundbreaking is underway.
Experienced Developer. Proven history in affordable housing development.
Our Story
With the newly refurbished Fields Corner subway station only a few steps away, TLee Development plans to revitalize a small lot located at 1463 Dorchester Avenue into a new five-story mixed use building with 29 workforce housing apartments and 1,325 square feet of commercial space. A transit-oriented development area, it has been designed to include bike parking and community space on the 5,331 square foot lot, with no on-site parking, while meeting the City of Bostons Compact Living Pilot requirements. The residential spaces include 25 studio units and four one-bedroom units. Three of the units are planned to be ADA accessible units, and an outdoor patio space for tenants is planned for the rear of the building. The units are expected to range from approximately 380 - 495 square feet in size. In addition, the building has been designed with a high performance building envelope with plenty of insulation, air tightness, and quality windows and doors to Passive House standards.