o The new building will include 56 apartment units in an elevator building with both garage and surface parking, and will be located at 187 Boston Post Road, next to Phase 1 of the Coolidge at Sudbury.
o The rental apartments will have 1 bedroom and be approximately 675 – 700 square feet.
o The new building will include common space and amenities, including a meeting room, library, and fitness center.
o Offices for a property manager and a resident service coordinator will be located in the building.
RESPONDING TO THE NEED FOR RENTAL HOUSING FOR SENIORS AND OLDER ADULTS
o The existing units at The Coolidge at Sudbury are fully leased with a growing waiting list of interested tenants.
o Current residents at The Coolidge include employees of local businesses, retired Town workers, and some who have relocated to Sudbury to be closer to adult children and grandchildren.
o Over 25% of Sudbury households have at least one member who is over 60 years old. Notably, over one quarter of these households are individuals living alone. Of Lincoln‐Sudbury seniors, 30% of households over 65 years old earn less than $50,000 per year. (2000 U.S. Census, localized data set)
o Residents of The Coolidge will have incomes no higher than approximately $47,000 (exact limits are set annually by HUD).
o Unit rents will be approximately $1,000 per month. Tenants will be responsible for electric.
o BBH will continue to work closely with area senior service agencies to promote wellness, health and educational programs for the building. A Resident Service Coordinator will work with residents as needed on site.
April 2017 – BBH received a development permit from the town, and is one step closer to making Phase 2 a reality! Planning is currently underway.
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