News: Owners Developers & Managers

Trinity Financial constructs $50m 116 unit Carruth Apts. with 10,000 s/f retail space

Trinity Financial is nearing completion of the first transit oriented mixed use housing development at the Ashmont/Peabody Square MBTA station. The Carruth features 116 condominium and rental apartments and 10,000 s/f of retail space adjacent to the MBTA transit center. The Architectural Team designed the residential/retail property and Cambridge Seven Architects designed the transit center. Retail services include Wainwright Bank, Flat Black Coffee Co. and an Italian American bistro and lounge called Tavolo operated by chef/restaurateur Chris Douglass, a resident of the neighborhood. Development costs for the Carruth are $50 million. Duffy Design Group, a Boston magazine Best of Boston winner for three years, is the interior designer for the apartments and condos. At Home Real Estate Group is the marketing agent for the residential units. The Carruth condos features include: contemporary kitchens with custom cherry cabinets, black technistone counters and backsplashes, stainless steelLG and Bosch appliances, bamboo flooring, "Romeo and Juliet" terraces, elevators to the top floors and heated below ground parking. The entire building is LEED certifiable. Elements of a transit oriented development are fulfilled by the Carruth such as: mix of uses, walk to services, pedestrian friendly design, high/moderate density, reduced urban dependence on cars and prospective increase in public transportation ridership. Trinity Financial said the first three reservations for living units were made in August 2007; the first condo model was opened in December. Tavolo bistro was expected to open in March. "We wanted the Carruth to be modern in its perspective, yet not slick or sharp," said Dennis Duffy of his first ever project in Dorchester.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,