Atlas Lofts to Hold Ribbon Cutting Ceremony July 28th, 2010

Online, July 27, 2010 (Newswire.com) - -Atlas Lofts to Hold Ribbon Cutting Ceremony July 28th, 2010-
New Luxury Loft-Style Apartment Community in Chelsea's Box District to Celebrate Near-Completion

Chelsea, MA (July 27th, 2010) -- Mitchell Properties LLC is pleased to hold a Ribbon Cutting Ceremony to mark the substantial completion of Atlas Lofts, a 53 loft-style luxury apartment community located along Gerrish Avenue in Chelsea's Box District. The event will be held at 10:00 a.m. on July 28th, 2010 at Atlas Lofts, and interested parties are encouraged to attend.

"This is a significant milestone for Atlas Lofts, The Box District, and The City of Chelsea," said Jay Ash, Chelsea City Manager. "I've visited the Atlas Lofts and it is beautiful. Mitchell Properties, The Architectural Team, and NEI Construction are all to be complimented for a job well done. We could not be more delighted to welcome Atlas Lofts' new residents to these building and to the fast-growing Box District neighborhood."

Attendees include Massachusetts Housing and Economic Development Secretary Greg Bialecki, Undersecretary Tina Brooks, City Manager Jay Ash, newly elected State Senator Sal DiDomenico, Representative Eugene O'Flaherty, and other local and state officials. A light lunch will be served, along with tours of the building, and spoken acknowledgements from various persons involved in the project.

According to Julia Noyes, Property Manager for Atlas Lofts, each apartment features the original historic brick and wood detail, plus granite counters, a gas-fired range, polished concrete floors, soaring ceiling heights, massive windows with an abundance of natural light, tiled shower, extra tall kitchen cabinets, and in-home washer/dryer.

In addition, residents of Atlas Lofts will enjoy impressive amenities throughout the building including a state-of-the-art fitness room with individual iPod and TV touch screen controls, community room and kitchenette with flat screen TV, patio, interior extensive bike storage, and a furnished roof deck. Free Wi-Fi will be accessible to residents in the community areas and on the roof deck. Atlas Lofts is pet-friendly, and offers off-street assigned parking and storage units. More than half of the apartments are already pre-leased.

Originally built in 1911 for the manufacturing of paper boxes, and converted in the mid-1960's to the Spring Air/Atlas Bedding mattress factory, the beautiful brick and beam structure was redesigned into modern loft style apartments by The Architectural Team, a prominent Chelsea business and one of the leading architectural firms for the rehabilitation and reuse of historic properties into housing.

Adapting historic industrial buildings into new homes is one of the most eco-friendly methods of construction, and the property is also designed with some of the latest green features. Water conserving faucets, toilets, and appliances will save in excess of 4,929,000 gallons of water per year over conventional fixtures. New, efficient mechanical systems provide residents with fresh air in order to improve interior air quality. Flooring materials, such as poured concrete, cut down on allergens and other particles that may post a health risk to susceptible residents. Atlas Lofts is also proudly smoke-free.

To complement the green living in each apartment, residents of Atlas Lofts will be able to easily walk, bike, or ride to downtown Boston, the commuter rail, the Blue Line, and the Orange Line. Atlas Lofts is rated as "very walkable" and within a few steps of the shops and restaurants along Broadway Ave.

As of today, those interested in making Atlas Lofts their home are invited to schedule an appointment to tour the fully-furnished model unit by calling 617-884-7271, e-mailing [email protected], or visiting www.atlas-lofts.com.

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About Mitchell Properties
Mitchell Properties is a Boston-based developer that creates successful residential and mixed-use communities with an emphasis on unique design, high quality construction, green living, beautiful landscaping, and exceptional management. Mitchell Properties' Residences at 700 Harrison (Boston MA), were named a national finalist for "Best Mid-Rise Building 2008" by the National Association of Homebuilders, and The Coolidge School Apartments was recently awarded the Architectural Preservation Award from the Watertown Historic Commission. For more information visit www.mitchprop.com

About HallKeen Management
HallKeen is a diversified real estate company based in Norwood, Massachusetts with a strong presence throughout the Northeast . Their focus is the acquisition, development and management of affordable and mixed income housing and a broad range of commercial management services. HallKeen's current portfolio includes more than 6,100 units of multifamily residential housing, 258 units of assisted living, and 1.1 million square feet of commercial, light industrial, office and biotech lab space. www.HallKeen.com

About The Architectural Team, Inc.
Founded in 1971, The Architectural Team is an award-winning architectural firm specializing in designs for the residential, industrial/healthcare, commercial and hospitality/recreational markets. With its portfolio representing multiple sectors, The Architectural Team, based in Chelsea, MA, has gained a national reputation for design excellence and technical skill, particularly in the residential market, including apartments and condominiums, senior independent living communities, assisted living facilities, and skilled nursing centers. The firm's housing portfolio includes more than 500 developments built numbering nearly 40,000 units, including more than 50 senior residential developments. www.ArchitecturalTeam.com

About NEI Construction
NEI was incorporated in 1998, under the legal name of Northeast Interiors, Inc. and provides the full spectrum of General Contracting and Construction Management services. NEI has completed over $250,000,000 in quality construction projects over the last ten years spanning a wide variety of construction types and programs. From historic renovations of dilapidated mill buildings to the complete site development of new residential communities, NEI has both the expertise and capacity to meet any construction challenge. NEI maintains a 100% customer retention rate and offers a wide variety of preconstruction and value engineering services to ensure project funding is utilized to its greatest potential.