Strategies for Successfully Marketing and Stabilizing the Occupancy of Mixed-Income/Mixed-Race Properties: A Case Study of Auburn Court, Phase 1 in Cambridge, Massachusetts

Oct 30, 2005 | by
  • Description

Auburn Court is a 137-unit mixed-income, mixed-race property in Cambridge, Massachusetts. The property is nearly evenly divided between market-rate (34%) and moderate-rate (16%) units and low-income (50%) units. The surrounding community is an increasingly gentrifying mixed-use neighborhood with housing, offices, MIT research facilities, a hotel, and retail shopping. The property was completed in two phases because of the slow housing market in the mid-1990s. The first phase was completed in 1996 (77 units) and the second phase was completed in 2000 (60 units).