Word: fenways
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While Harvard struggles with decisions on future undergraduate accommodations, its recent victory on the graduate front warrants hearty congratulations. The University has recently agreed to buy 170 units in a Fenway apartment complex to be built next spring, which Harvard will use to house students—as well as some faculty and staff—from the Medical School, the Dental School and the School of Public Health...
Harvard’s purchase has remarkable positive implications for the city’s housing market. By investing in the Fenway project, Harvard has given additional security to this once uncertain construction undertaking and helped ensure its completion, currently forecast for Spring 2006. The much-needed housing units—410 in addition to Harvard’s 170 newly-acquired apartments—will create more supply of apartments. These extra options for tenants will push rents down and allow middle-income families to return to the area...
Harvard’s funding allows the complex’s developer, Fenway Ventures, to go forward with the project...
Steven B. Samuels, a partner at Fenway Ventures, said he was looking forward to adding Harvard to the apartment complex...
...think the University will be a great neighbor and that it will be quite a long-term benefit for the Fenway neighborhood and the revitalization of the Boylston Street corridor,” he said...