CAMBRIDGE, MA– Nauset Construction recently completed Point 262, a LEED Silver pre-certified, luxury condominium development that provides 55 one-and-two bedroom luxury units in close proximity to the world’s most vibrant life sciences market.
Located within walking distance from life science epicenter Kendall Square and Mass General Hospital, and adjacent to Twin City Plaza, the 270,000 square-foot grocery-anchored retail center, Point 262 received a walkability score of 84, a transit score of 87, and a bike score of 91 (Biker’s Paradise) from WalkScore, a leading provider of neighborhood data to the real estate industry.
“We loved the location because it’s so walkable,” said Managing Director Eric B. Loth, Jr. of Minco, Inc., owner/developer of Point 262. “The enormous amount of jobs being created in Kendall Square is driving the demand for condominiums in this market, and Nauset really delivered for us on a complex build.”
The seven-story, 84,000 square foot complex was constructed at 262 Monsignor O’Brien Highway (formerly home to Lechmere Auto Wash Centers), a tight, zero-lot line urban infill site. Designed by Somerville-based Khalsa Design, Inc. (KDI), the units feature gray glazed birch flooring, LED fixtures, high efficiency HVAC, and balconies or terraces for each unit.
Each kitchen includes beautiful quartz counters and stainless steel appliances. The first floor is comprised of bicycle storage spaces, the building lobby, community space and a state-of-the-art workout area. Two common roof decks offer residents a relaxing space to entertain with spectacular views of Boston, Cambridge and beyond. The 20 one-bedroom units average 840 square feet per unit and the 35 two-bedroom units average 1,050 square feet per unit. Many of the condominiums were pre-sold prior to construction, with only six units remaining on the market at press time.
“We worked diligently with KDI and Nauset to create an energy-efficient, modern statement building for East Cambridge,” said Loth.
“Our familiarity with the preconstruction process in the City of Cambridge, as well as our experience working with tight urban infill sites served us well on this project,” said Nauset President, Anthony Papantonis. Since the end of the recession, Nauset has completed or is currently working on a dozen multifamily and mixed use projects in Cambridge.
