Lynn, MA – Bay State Savings Bank announced its financing of The Oxford, a mixed-unit construction project in Lynn, MA.
The development, led by R|H Investment Group, involves the creation of a 30-unit residential apartment building, complemented by two ground-floor commercial spaces.
With a robust real estate portfolio of $20 million, The Oxford marks the latest endeavor for R|H Investment Group and promises to reshape the Cultural District of Downtown Lynn.
Strategically located just minutes away from beaches, restaurants, shopping, and entertainment, The Oxford’s brand-new luxury apartments are set to enhance and elevate the burgeoning community in Lynn.
As one of Boston’s fastest-developing inner-urban markets, The Oxford benefits from close
proximity to the MBTA Central Square Lynn train station, making it an attractive and accessible location.
Bay State Savings Bank’s Interim Chief Commercial Banking Officer, Daniel Kelser stated “We are very excited to fund the development of The Oxford apartments. Not only will this project bring new housing opportunities to the city of Lynn, but it embodies the growing culture of the city.”
Anticipated to be completed in early 2024, The Oxford will offer a collection of one-bed, one-bath units with lifestyle-driven amenities. The building will also feature a bold new mural on its back side, in collaboration with Beyond Walls, adding to Lynn’s vibrant street art scene with over 65 unique murals across the city.
“We’ve had nothing but a positive relationship and experience with Dan and Bay State,” said Ray Hurteau. “It comes down to knowing that what’s on paper will be what’s delivered. With Dan, we felt that, from prior experiences, he would help make sure that was the reality.”
This project not only signifies Bay State Savings Bank’s commitment to community development but also reflects its dedication to supporting initiatives that contribute to the cultural and economic growth of Massachusetts.
