Page 14 - New England Condominium March 2020

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One Association at a Time 45 Braintree Hill Park, Suite 107 Braintree, MA 02184 (781) 843-5000/Braintree (508) 791-2120/Worcester (401) 351-2221/Rhode Island www.meeb.com | law@meeb.com MEEB_NEC_June14.qxp:Layout 1 5/19/14 12 ACCOUNTANTS Flynn Law Group 185 Devonshire St., Suite 401 • Boston, MA 02110 617-988-0633 “Quality Representation at Reasonable Rates - $150/Hr.” Contact Attorney Frank Flynn Frank@fl ynnlaw-ne.com www.fl ynnlaw-ne.com ATTORNEYS Merrill & McGeary 100 State Street, Suite 200 Boston, MA 02109 617-523-1760 • Fax 617-523-4893 Contact: Mike Merrill, Esq. mmerrill@merrillmcgeary.com DUCT/DRYER VENT CLEANING INDOOR AIR QUALITY • VENTILATION • DUCT CLEANING AIR DUCT & DRYER VENT CLEANING 800-893-1117 www.continentalcleanair.com Property Managers • Multi Units • Associations • Condos Continental clean:Layout 1 12/22/09 11 David A. Levy, CPA, P.C. Certified Public Accountants 20 Freeman Place Needham, MA 02492 Tel: (617) 566-3645 (866) 842-0108 Fax: (866) 681-2377 www.DALCPAPC.net DAL CPA See Our Display Ad on Page 13 BetterVent is a NEW kind of Indoor Dryer Vent. www.adr-products.com 1-888-609-5512 Condominium and Real Estate Law Phone: (781) 817-4900 Direct: (781) 817-4603 Fax: (781) 817-4910 We may be dressed up, but we aren’t afraid to get our hands dirty. www.lawmtm.com Solving your problems today & strengthening your association for tomorrow. 6 Lyberty Way, Suite 201 Westford, MA 01886 (978)496-2000 www.perkinslawpc.com Accounting • Auditing • Taxes • Consulting Worcester 67 Millbrook Street 508-797-5200 Grafton 80 Worcester Street 508-839-0020 Holden 795 Main Street 508-829-5544 M Love Associates, & LLC Certified Public Accountants Serving Condominium Associations mlove 2.25 x 2.5 condo association color 9.19.2017.indd 1 9/19/17 12:59 PM BANKING Please submit Pulse items to Pat Gale at patgale@yrinc.com Advertise In Th e New England Condominium Marketplace —Call 212-683-5700— Target Key Decision Makers In Th e Co-op, Condo, & HOA Community By Placing Your Ad Here See Our Display Ad on Page 11 See Our Display Ad on Page 10 said. Connecticut condominium sales also increased in December, spiking 11.7 per- cent on a year-over-year basis with 776 transactions, compared to the 695 condo sales recorded in December 2018, Th e Warren Group noted. Meanwhile, the me- dian sale price of condos in Connecticut increased 8 percent on a year-over-year basis to $175,000 compared to $162,000 in December 2018. Year-to-date, there were 9,109 condo sales in 2019, a 0.2 per- cent decrease from 2018, with a median sale price of $167,000, a 1.2 percent in- crease and a fi ve-year high. Davis Cos. Plans Condos at Skating Club Th e Davis Cos., a Boston-based real estate fi rm, has announced plans to build a 655-unit apartment and condominium complex and a 255-room hotel at the site of Th e Skating Club of Boston and the Stu- dio Allston Hotel, according to the Boston Business Journal. Th e proposed project is in the area surrounding the Harvard Busi- ness School campus and Boston Landing. Th e Journal reports that the Davis Cos. acquired the site at 1240 Soldiers Field Road and 1234 Soldiers Field Road from the Skating Club of Boston for a combined $40.45 million in 2017 and 2018. Th e fi rm intends to demolish both the club and the Studio Allston Hotel to make way for its new residential and hotel project. Th e Skating Club, which is building a facility in Norwood scheduled to be completed this summer, sold the Soldiers Field Road property to Th e Davis Cos. to fi nance the new facility. Th e plan for its former site calls for a 535-unit apartment complex with 10,500 square feet of ground-fl oor commercial space and parking for 220 vehicles at 1240 Soldiers Field Road, and 120 condo- miniums, a 255-room hotel, a 110-space underground parking garage, and 4,000 square feet of commercial space on the adjoining parcel. Th e company is also proposing 72,000 square feet of public open space between the two parcels, the Journal notes. Boutique Condos Slated for Mission Hill Primary Development recently re- ceived a $6 million construction loan to begin construction on a nine-unit, bou- tique condo building at 80 Terrace St. in Boston’s Mission Hill neighborhood. Th e project should be completed in early 2021 and will feature 21,000 gross square feet, including nine two-bedroom/ two-bathroom for-sale condo units, one commercial unit and nine parking spaces, according to Primary Development Part- ner Steven Meyer. Th e commercial com- ponent can be divided into six offi ce stu- dios connected to a common kitchenette area. JLL Capital Markets Directors Mar- tha Nay and Michael Johnson worked on behalf of Primary Development to se- cure the fl oating-rate construction loan through Centreville Bank to begin build- ing the developer’s third condo project in Mission Hill. “As Mission Hill continues to become a community that draws focus to the arts in Boston, this is a great opportunity for Primary to develop unique design-driving buildings in this growing neighborhood,” said Johnson. “Terrace Street has a rich industrial history and we have incorpo- rated this into the architecture of the three buildings that we are currently develop- ing.” According to the Mission Hill Gazette, Primary Development’s fi ling with the city describes Terrace Street as, “steeped in rich industrial history, and is set to experience abundant growth and trans- formation, becoming an exciting artistic and residential corridor not only for Mis- sion Hill, but also the City of Boston as a whole.” LAw & LeGIsLAtIOn NH Legislation Would Require HOAs to Allow Solar Arrays New Hampshire lawmakers are work- ing on a bill that would require condo- minium and homeowners associations to allow the installation of solar arrays, ac- cording to New Hampshire Public Radio. Th e bill was proposed by Brentwood Democratic Rep. Liz McConnell, with bipartisan co-sponsors and backing from Senate Democrats. If passed, the law would require HOAs to treat requests to install solar as they would any other architectural change, and can’t restrict them for aesthetic reasons. It would also prohibit associations from re- stricting solar installations in home deeds, or making any rules that would increase solar use costs more than 10 percent. According to NHPR, New Hampshire gets less than one percent of its electricity from solar power. Maine is the only New England state with fewer solar installa- tions. Th e cost of solar in New Hampshire has dropped by more than a third in the past fi ve years, according to the Solar En- ergy Industry Association. A similar bill, submitted by Concord Democratic Rep. Rebecca McWilliams, would prohibit HOAs from restricting so- lar installations by anything other than a simple majority vote. Both bills are due to the House fl oor by early March. n PULSE continued from page 13