59 Fountain Street

Framingham, MA
Property Type

Rental Apartments

Project Type

Rehabilitation and New Construction


Co-General Partner

Development Cost

$76.1 million

Square Footage


Number of Units


Developer Partner

Washington Square Ventures


Bargmann Hendrie + Archetype, Inc.

Acquisition & Construction Lender

Avidia Bank

Expected Completion


59 Fountain Street (aka The Bancroft Building) is an old mill building that will be transformed into a transit-oriented multifamily project located in Framingham, MA – 20 miles west of Boston. The Property is located in Framingham’s revitalizing Central Business District, where multifamily use “as-of-right” was recently approved as part of a commitment to revamping the downtown area and fostering new commercial and residential development. The property offers a highly unusual set of characteristics –highly amenitized urban infill apartments with great public transportation on the edge of a large pond featuring both unique industrial style loft apartments and new construction.

The property consists of a 3+ acre site abutting the beautiful 149-acre Farm Pond which offers boating, fishing and other outdoor activities, in addition to the full suite of amenities located at the property including a gym, roof deck, and an outdoor pool. Many of the property’s unique industrial features will be preserved.  Popular destinations within a short walk also include athletic fields, an ice arena, and the Cushing Memorial Park, comprised of hundreds of acres of parkland, including a golf course.