THE EVERETT ADVOCATE – FRiDAy, JunE 23, 2023 Page 17 GREYSTAR | FROM PAGE 4 tion, in helping us open this community.” The building features welcoming, light-industrial design and modern, open-concept interiors with studio, oneand two-bedroom apartment homes. Additionally, each home features stylish wideplank flooring throughout, plush carpeted bedrooms, oversized windows, luxurious oversized closets, a first-floor paved patio (in select residences), quartz countertops and stainless GE™ appliances. Mason is a convenient seven-minute walk from the Chelsea MBTA Station, which offers access to the Silver Line and Commuter Rail. Chelsea StaDIDOMENICO | FROM PAGE 2 tems, from $6,000 to $18,000, and lifts the amount claimable to $4,000 per year • Increases the statewide cap for the Dairy Tax credit from $6 million to $8 million • Expands eligible occupations for the Apprenticeship Tax Credit • Doubles the credit for lead paint abatement to $3,000 for full abatement and $1,000 for partial abatement • Expands the types of alcoholic drinks that qualify for a lower tax rate as part of the cider tax Notably, this legislation ensures that student loan payment assistance offered by employers will not be treated as taxable compensation. In addition, the bill adds regional transit fares and bike commuter expenses to the allowable commuter expenses eligible for favorable tax status. To encourage affordable housing, the bill gives municipalities the option of adopting a local property tax exemption for real estate that is rented to a person below a certain area-dependent income level. Additionally, the bill directs the following studies: • A study by the Executive Office of Administration and Finance on the feasibility of making advance quarterly payments of the CDTC • A study by the Department of Revenue on the efficacy of an additional, elective entity-level tax of up to 4 percent on a portion of qualified taxable income in the Commonwealth, coupled with a refundable credit, for eligible passthrough entities As different versions of this legislation had been passed the Senate and the House of Representatives, On June 20, a conference committee was appointed to resolve differences between the two bills. tion is the only MBTA station that provides direct access to South Station and North Station, as well as to the Seaport and multiple bus lines. Other nearby transportation and neighborhood landmarks include the MBTA’s Wellington Orange Line Station, Encore Boston Harbor and Assembly Row. With move-ins now underway, a list of available homes and more information about Mason can be found at https:// livemasonma.com/. Mason is the first community to deliver as part of Greystar’s $730 million investment in Everett. Greystar’s residential developments in the Commercial Triangle will help to usher in a new era for the district, with transit-oriented residential, retail and pedestrian corridors. Anthem Everett will deliver 450 units; Maxwell will deliver 384 units; and 1690 Revere Beach Parkway will add an additional 741 units across two phases. Combined, these projects will also deliver more than 100 affordable units to Everett. Greystar is making various community improvements throughout Everett’s Commercial Triangle. These include enhancing the streetscape with a new public outdoor space with multimodal connections, improved pedestrian walking paths and sidewalks. Additional contributions include $125,000 donation to the Mayor’s Everett Summer Youth Job Program (or similar City of Everett youth program), a Greystar-hosted annual career path education program, an annual Greystar Giving volunteer day in Everett and an annual community block party fundraiser on Vale Street. About Greystar: Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development and construction services in institutional-quality rental housing, logistics and life sciences sectors. Headquartered in Charleston, S.C., Greystar manages and operates more than $250 billion of real estate in 234 markets globally with offices throughout North America, Europe, South America and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages more than 817,000 units/beds globally and has a robust institutional investment management platform comprised of more than $69 billion of assets under management, including over $29 billion of development assets. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.
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