Keiser Homes and Oaktree Development Break Ground in Reading, MA

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Keiser Homes, the manufacturer of some of New England’s most distinctive and sustainable modular homes and commercial buildings, is defying the economic downturn and moving ahead on some of its most exciting projects to date. This month, Keiser proudly broke ground on a significant new mixed-use development in Reading, MA, which by 2012 will include 53 high-end and affordable apartments and 22,000 square feet of retail and restaurant space.

The 30 Haven Street project, built in partnership with Oaktree Development and Keiser’s parent company, R.J. Finlay & Co., is an incredibly important opportunity – one which will not only provide comfort and convenience to Boston-area residents, but will spotlight the innovation, durability and superior quality materials and finishes Keiser has made a hallmark of its products. Equally important, 30 Haven Street will showcase the capabilities of today’s modular construction to adapt to any environment and provide a level of quality and eco-friendliness that matches or surpasses its traditional site-built competition, at a far greater value.

Built on the site of a former Atlantic Supermarket, the LEED-certifiable project, once complete, will feature three stories of residences above the retail space, along with a fitness center, an overnight guest suite, outdoor café seating, underground parking for residents, and a clubroom that opens to a green common roof deck overlooking downtown Reading. R.J. Finlay & Co. has provided $4 million in equity for this project, with an additional construction loan provided by Enterprise Bank of Lowell (MA). Oaktree, an accomplished developer with a history of high-quality mixed-use projects and renovations is managing the project.

The 30 Haven Street development is the latest high-profile project to showcase the versatility and customizability of Keiser modules. From mixed-use settings and condominiums to senior housing communities, residential neighborhoods, corporate complexes and industrial sites, Keiser products can be found in dozens of new developments throughout New England, with a list of contractors and project proposals that now grows each month.

The ground breaking for 30 Haven Street comes shortly after Keiser was awarded a $2 million contract by the Maine Housing Authority to replace aging mobile housing units across the state with affordable ENERGY STAR-rated single family homes; and also secured a critical agreement from the Camden (ME) Affordable Housing Association to supply 18 single-family energy-efficient homes for that city’s acclaimed Lupine Terrace housing development.

 

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