808-812 Memorial Drive
808 Memorial Drive, Cambridge, MA 02139
CATEGORY: Market, Affordable, Commercial
Located on the Charles River, 808-812 Memorial Drive has an ideal location with views of both the Cambridge and Boston skylines. Located between Harvard and MIT, the property is high demand among graduate students from both nearby institutions. The property was purchased by Homeowner’s Rehab in 1997 in order to preserve the building as affordable for 212 households. In 2020, Homeowner’s Rehab embarked on a $70 million rehabilitation of the property, including new exterior cladding and dramatically transforming the look of the building. In 2019, Wingate was selected as the property manager to execute the logistics of managing the property through an occupied rehab and to oversee the transition to new affordability restrictions.