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Point 262 Condominiums

Point 262 Condominiums

Project Name: Point 262 Condominiums

Start Date: 2016

Completion Date: 2018

Stakeholders:

Cambridge Capital Group, LLC,

Andover Real Property Management, Inc., Manager

Louis P. Minicucci, Jr. President

Nauset Construction

City of Cambridge

 

Key Challenges:

Parking Limitations

10% Affordable units while making the project economically feasible

Price for Condos in the area rising rapidly

Site logistics and construction coordination on this dense, urban, zero-lot line site.

 

MINCO Solutions:

20 one-bedroom units average 840 square feet per unit, 35 two-bedroom units average 1,050 square feet per unit

The first floor (at grade) contain bicycle storage spaces, the building lobby, community space and a workout area

One level of below grade parking

Every unit features luxurious amenities, such as dusky glazed yellow birch flooring, LED fixtures including surface mount and LED accent lighting along the soffit, high efficiency HVAC, and balconies or terraces for each unit. Each kitchen includes beautiful Caeserstone quartz counters and AGA/ Marvel appliances.

 

Additional Story Details:

Project Cost: $ 24,000,000

https://patch.com/massachusetts/cambridge/nauset-delivers-point-262-condos-e-cambridge-minco

https://www.high-profile.com/construction-completed-on-point-262/

https://bostonrealestatetimes.com/nauset-delivers-point-262-condominiums-in-east-cambridge-for-minco/

https://www.point262condos.com/point-262-boston-life/

https://nauset.com/project/262-msob-highway/

Project Video Overview: http://262condos.ibidesigns.com/video-tour/

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This Company Overview Guide had been prepared solely for informational purposes and is being furnished solely for use by qualified investors or lenders to provide background information on MINCO Development Corporation. The Company Overview Guide is confidential and may not be reproduced. Under no circumstances should this Company Overview Guide be considered as an offer to sell or a solicitation of an offer to buy any security or make any investment. The contents of this Company Overview Guide are not to be construed as legal, accounting, business or tax advice. All the developments listed in this brochure, both completed and proposed, were developed in single purpose entities generally LLCs or Corporations. Each project is independent of the other. MINCO Development Corporation does not hold any ownership position in any of the developments or assume any of the liabilities whatsoever. Mr. Minicucci has participated in various roles in these developments which include sponsor, manager of LLC, limited partner, and/or guarantor. Projects listed herein are only a sample of past projects. In addition MINCO Corporation performs sales, leasing, appraising, and real property consulting for large scale residential, retail and commercial industrial developments. The return data for investments set forth herein is for informational purposes only. It has not been audited or otherwise verified by any outside party. No assurance can be given that the investment objectives of future projects of the Company, or its subsidiaries, will be achieved or that an investor will receive a return of all or part of his or her investment. Investment results may vary substantially over any given time period. THIS CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS A COMPLETE REPRESENTATION OF THE STATE OF AFFAIRS OF THE COMPANY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OF PREPARATION OF THIS MEMORANDUM.