Epsilon is honored to be part of the groundbreaking transformation in downtown Boston. The conversion of 281 Franklin Street from an underutilized office building into vibrant new housing marks a major milestone – not only for the city, but for adaptive reuse and historic preservation efforts.
This project is the first to be completed under Boston’s new Office-to-Residential Conversion Program, which allows property owners to defer property taxes for up to 29 years when converting empty office buildings into housing. By reimagining existing space, this project not only helps address Boston’s housing needs but also revitalizes a historic structure and strengthens the surrounding neighborhood. Epsilon’s team of Historic Preservation Professionals secured state and federal historic tax credits for this important project.
Epsilon is actively involved in securing historic tax credits for many other office to residential conversion projects in Boston – including projects on:
- Devonshire Street
- Washington Street
- Court Square
- Portland Street
- Summer Street
- Congress Street
- Liberty Square
- and others….
About the Experts
Douglas Kelleher, Principal and Manager, Historic Preservation Group is a leader in the field of historic preservation planning with over 30 years of experience in the public and private sectors. He served as Principal for this project. Mr. Kelleher’s prior experience includes numerous years as a Preservation Planner with the Massachusetts Historical Commission. He specializes in providing public and private sector clients with strategic consulting for complex real estate projects involving historic resources for compliance with local, state, and federal historic preservation regulations. Widely recognized as a leader in the preservation community, his well-established expertise is a cornerstone of Epsilon’s historic resources and historic tax credit practice.
Michael LaFlash is a Project Preservation Planner at Epsilon with over five years of professional experience in cultural resource management and historic preservation planning. Prior to Epsilon he spent the majority of his career representing all aspects of state and federal historic tax credit projects, including the development of Part 1 and Part 2 applications and National Register Nominations, with experience in over 20 states and Puerto Rico.