Breaking: Hill Estates, Belmont’s Largest Residential Complex, On The Block

Photo: A seven story multi-story apartment building at the Hill Estates

The owner of Hill Estates, the largest residential complex in Belmont with 396 rental apartments and townhouses, has placed a “For Sale” sign on the landmark property.

Listed by the Boston office of Dallas-based CBRE Capital Markets, the property built by the DiGiovanni family in the mid-1960s consists of a mix of five—and seven-story mid-rise buildings, two-story direct-entry townhomes, and garden-style buildings. It is located on 14.7 acres off Brighton Street and is bordered by Little River, Little Pond, and the MBTA commuter rail line. Also part of the sale is a 1,600 square foot commercial space fronting Brighton.

A little more than 300 of the housing units are apartments—two-thirds of which are 1,000-square-foot two-bedroom, one-bath flats—located in one of the four multi-story buildings. Nearly all of the townhouses are also two-bedrooms (there is a single three-bathroom), averaging 1,415 square feet. There is limited indoor parking with most vehicles located on local roads within the complex.

The Hill Estates has long been seen as one of the rare market-affordable housing options in the area.

Family-owned since opening its doors nearly 60 years ago, the DiGiovanni clan has not had the financial pressures of partners to max out rents. While the buildings are showing their age, the living units have been periodically updated and are considered by one Belmont Realtors as “a really great value for those not seeking high-end housing.”

The residents are an eclectic and diverse group: students living in apartments, young couples, many first generation American families with small children, and older folks who are priced out of homes and unable to afford upscale retirement communities. On weekend afternoons, the hallways are filled with smells of homelands and ethnic favorites, while you can hear several languages spoken in the common laundry.

While the DiGiovanni family has not commented on the sale, CBRE is touting the property as being primed for a “renovation program” followed by a big rent increase.

The numbers say it all: rents today at the Hill Estates average $2,239 or about $2 per square foot. Compare that to the average $3,800 rents are fetching for Belmont apartments at the most recent new development: rents at Royal Belmont off Route 2 for a 1,101 sq ft two bedroom, two bath flat is $3,900. With apartments in neighboring communities such as Arlington, Lexington, Watertown and North Cambridge achieving rents $1,300 to $1,800 higher than those in the Estate, there is “additional support for a new owner to push rents,” proclaims CBRE.

In addition, Belmont’s housing market will buttress rate hikes on future rents as those wishing to live in Belmont don’t have many affordable options.

“With the combination of increasing home prices and interest rates, the cost to owning has never been higher with single-family home prices averaging $1.7 million, amounting to a 14 percent increase over the last three years and a 54 percent increase in the all-in cost-of-living since 2022,” noted

Due to the size of the complex, likely buyers will likely be one of the big players in the apartment REIT market such as, for example, Equity Residential and AvalonBay Communities.

Comella’s Leaving Belmont Center Location For New Home At Former Loading Dock Site

Photo: The current site at 43 Leonard St.

One of Belmont Center’s largest and most popular eateries will be leaving its Leonard Street storefront this fall for its new home on the Cambridge/Belmont line.

At its Monday, July 11 meeting, the Belmont Zoning Board of Appeals unanimously approved a special permit for a fast food license to the owners of Comella’s Restaurant to allow them to move the eatery known for its Italian cuisine and pizza to the former site of the Loading Dock at 11 Brighton St.

Attorney Stephen B Rosales, who represented the Comella family, told the board that after 10 successful years leasing the 43 Leonard St. location, the had to opportunity to purchase the property at 11 Brighton St. … which will ”cement and control their future here in town.” Rosales said the owners ”have applied to basically operate the same way and in the same manner as they have” at their current site.

”Same menu, same pizza. At $6.99, it’s a great deal,” said Rosales.

The loss of Comella’s will be a blow to Belmont Center which has seen the number of empty storefronts grow since before the Covid-19 pandemic.

Located at the former home of The Loading Dock restaurant, the new site will have 60 seats with 48 at tables and 12 at the bar. Under Belmont zoning requirements, the site will have 30 parking spaces, with 12 out in front, 10 permitted spaces across Brighton at the F. A. Williams’ property and nine off street.

The Comellas’ will soon seek a transfer of the beer and wine license it has at the Leonard Street store. A minimum build out will be required and the new site will be open in the fall. As part of the permit, the board restricted outdoor seating at the site even though the restaurant’s patio is private property, as opposed to town-owned sidewalk on Leonard Street.

Emma Thurston of Baker Street said the proposed new site – which is a block from her house – has been empty for a really long time, and since Comella’s is a household favorite, ”we’d be very happy to add them to the community over here” as it will become “a strong [business] anchor” along with Hillside Gardens in the area.

MBTA Commuter Rail Train Struck Man at Brighton Street Crossing

Photo:

The MBTA Transit Police reported a man was hit by a Fitchburg-bound commuter rail train at the Brighton Street crossing at approximately 9:10 p.m. on Thursday, March 8.

The Transit Police, which has jurisdiction on MBTA property, said the man, believed to be in his 60s, suffered life-threatening injuries. Belmont Fire and Emergency Medical Service treated and transported the victim to an “area hospital.” 

While the incident is under investigation, foul play is not suspected. 

The Brighton Street crossing has seen its share of incidents including a man killed by a train in February 2009 and a woman seriously injured after her vehicle was caught between the gates in December 2016.