Designed by: Line Company Architects
LEXINGTON, Mass. (November 14, 2007) — Massachusetts State Representative Jay Kaufman, senior executives of Oaktree Development, Line Company Architects, Lexvest Partners, LLC, Nauset Construction, and Coldwell Banker Residential Brokerage, joined dozens of Lexington community leaders and citizens for a celebratory groundbreaking ceremony at Lexington Place, a condominium development in the heart of Lexington Center. Located at 50 Waltham Street, Lexington Place is a 30-unit project that will have an array of amenities including a virtual concierge, fitness facility, living/ club room for resident social and screening events, landscaped courtyards and heated, elevator accessed garage.
The celebration was for the official groundbreaking and start of construction. The new condominium project will stand where the Battle Green Inn was located. The project’s sensitively wrought design fits in and provides a welcome revitalization for this historic area. It’s also important to the community in terms of adding to the town’s tax-base. The project will bring more than $120,000 in tax-based revenue to the town. Additionally, the project brings three much needed affordable condos for town residents.
Each unit provides distinctive design features with 25 separate floor plans to choose from. The units range in size from 1,400-2,175 square feet of living space and offer one, two, and three bedroom units, the latter with 2.5 baths. The homes range in price from $800,000 to $1.3M with numerous features, such as gas fireplaces, terraces or balconies, sunny, high-ceilinged spaces, tiled bathrooms, granite countertops, and high-end kitchen cabinets and Energy Star appliances.
Additionally, the building team is actively involved with the LEED for Homes program promoting Green Building Council guidelines and ENERGY STAR® solutions. LEED for Homes is a voluntary rating system that promotes the design and construction of high performance green residences. A green home uses less energy, water, and natural resources; creates less waste; and is healthier and more comfortable for the occupants.
Benefits of a LEED home include lower energy and water bills; reduced greenhouse gas emissions; and less exposure to mold, mildew and other indoor toxins. The LEED Rating System is the nationally recognized standard for green building.
Keeping the character of the building and the Lexington central business district, the developers have created two street level retail spaces of approximately 3000 square feet, one on Mass Ave. and one on Waltham St. The retail spaces can be subdivided into smaller shops of 1,500 square feet each.