From Car Wash to Community: 247 Hancock Brings New Homes to Dorchester

In Dorchester’s Glover’s Corner, an old car wash is making way for something much bigger. At 247 Hancock Street, developer Arx Urban, with RODE Architects, Haycon, and H+O are bringing to life a six-story, 47 home multifamily community mixing affordability, design quality, and sustainability.

Financing the Future of Affordable Housing

This summer, the team closed on a $44.8 million financing package with M&T Bank and M&T RCC. It’s the type of whole-capital-stack solution making complicated projects possible:

• $6.34M Freddie Mac Loan – led by Matt Newton at M&T RCC
• $19.17M Construction Loan – led by Daniel Feyock at M&T Bank
• $19.29M Tax Credit Equity – structured by Robert Nichols at M&T Bank

With the funding secured and demolition complete, crews are now putting shovels in the ground.

What 47 New Homes Will Offer

The program includes 47 apartments, and 35 are affordable homes, with 15 supported by project-based vouchers. Units range from studios to three-bedrooms, serving households between 30% and 100% AMI. Amenities include a fitness room, resident lounge, rooftop deck, landscaped open space, plus a balance of 18 parking spaces and 57 bike spaces.

Building Green, Living Smart

247 Hancock will meet Enterprise Green certification, is solar-ready, and targets net-zero emissions. The high-performance envelope and all-electric systems mean lower energy bills for residents and a lighter load on the grid.

What’s Next on the Timeline

Construction is already moving forward, with financing secured and demolition wrapped up in the summer of 2025. Over the course of 2026, the building will take shape as the structure rises, the exterior comes together, and the amenities are built out. By early 2027, the vision becomes reality as families move in and Boston welcomes 47 new homes.

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Stay tuned as 247 Hancock rise more sustainable housing is just around the corner.