Bringing Mixed-Income Housing to Swampscott

The Elm Place development would create 120 mixed-income apartments across several continuous, mostly underutilized parcels in Swampscott. The transit-oriented project would be located a quarter mile from the town's MBTA commuter rail station, just 25 minutes away from Boston’s North Station. It is also steps away from the convenient MBTA Bus 455 line, which travels from Salem to Wonderland in Revere. Approximately 40% of the apartments will be affordable, 24% will be middle income or workforce housing, and 36% will be market rate units. Seventy (70) percent of the units will be studio and one-bedroom units.

 

The variety at Elm Place will appeal to a broad mix of people who need housing, including young professionals, commuters, households who want to downsize, and families.

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This true mix of incomes and unit types would add much needed options to the town's housing stock. This project is within an area identified in the Swampscott 2025 Master Plan as an “Investment Corridor” and adheres to the plan’s stated recommendation to “encourage mixed use, walkable centers that enhance quality of life, provide greater housing options and maximize value of underutilized land.”