Waterstone of Lexington
Waterstone of Lexington is a non-smoking, residential community with 21 affordable housing apartments for residents 62 years of age or older managed by EPOCH Senior Living and located at 55 Watertown Street, Lexington, Massachusetts. There are 12 one-bedroom independent living apartments, 6 two-bedroom independent living apartments and 3 one-bedroom assisted living units.
Waterstone will provide two levels of care across distinct but interconnected independent and assisted living communities. Waterstone’s independent living neighborhood will encompass the entire six-level western wing of the building, as well as the majority of the building’s first floor.
Waterstone’s assisted living neighborhood will encompass the second, third, and fourth levels of the building’s eastern wing. Units offer luxury finishes, open and airy layouts and high-end kitchens. Waterstone’s 116 Independent Living residences include (25) one-bedrooms, (39) one- bedrooms + den, (48) two- bedrooms and (4) two- bedrooms + den.
Waterstone’s 40 Assisted Living residences include (35) one- bedrooms, (1) one- bedroom + den and (4) two- bedrooms.
FEATURES
Pet-friendly accommodations
Great Room
Library & cyber lounge
Pub with personal wine lockers
Indoor heated pool
Fitness/exercise room staffed by professional trainers
Physical therapy room
Mind-body studio
Juice bar
Media room & theater
Community room for educational lectures and events
Dine-anytime restaurant - AL and IL dedicated
Private dining room - AL and IL dedicated
Outdoor dining - AL and IL dedicated
Putting Green
Full-service salon
Card room
Maker space
Conference room
Private underground parking
Outdoor walking paths
Firepit
Outdoor kitchen with grills
Raised vegetable garden
Private Guest Suite
Wellness center with Telemedicine
NEIGHBORHOOD
Waterstone of Lexington is designed with an updated take on the mid-century modern design the area is well known for. Take a stroll on the campus’ wooded conservation area, or take a short ride into Lexington Center, where you’ll have access to all the entertainment, local dining and shopping the area has to offer.
Black car transportation and concierge services are available to help you get the most out of your community. We’ll take you where you want to go, or point you in the direction of downtown Boston and all of its amenities. All you have to do is ask.
Whether you’re staying in or heading out, Waterstone of Lexington provides you with a community full of opportunities to indulge in.
FIRST COME, FIRST SERVED / PROCESS
Please note, this is not a lottery. Applications for Waterstone of Lexington are processed on a first come, first served basis, as apartments become available (see the Current Availability table in the next section below).
If there is no current availability, applications are added to the waiting list and are reviewed upon receipt to ensure completion and proper documentation only. Applications will then be reviewed for eligibility when they are reached on the waiting list.
Applicants will be emailed upon receipt of their application and upon each application review. Please check your email regularly.
JOIN OUR COMMUNITY / AVAILABILITY & ELIGIBILITY
Waterstone of Lexington is a mixed-income community offering affordable apartment rentals. Eligibility and income restrictions apply. Find current availability and income limits in the table below.
Minimum income limits apply unless the household receives mobile housing assistance (including, but not limited to: VASH, Section 8 and MRVP).
Current Rental Availability
| Property | # Beds | Rent | Minimum Income | Income Limit (AMI) | Units Available | Accessible Units |
|---|---|---|---|---|---|---|
| 366 Broadway | Studio | $2,117 | $63,510 | 80% | 2 | 0 |
| 366 Broadway | 1-Bedroom | $2,395 | $71,850 | 80% | 1 | 0 |
| 366 Broadway | 2-Bedroom | $2,652 | $79,560 | 80% | 1 | 0 |
| Verra | Studio | $550 | $16,500 | 30% | 1 | 0 |
| Verra | 1-Bedroom | $650 | $19,500 | 30% | 2 | 0 |
| Verra | Studio | $759 | $22,770 | 40% | 1 | 0 |
| Verra | 1-Bedroom | $892 | $26,760 | 40% | 1 | 0 |
| Verra | Studio | $967 | $29,010 | 50% | 2 | 0 |
| Verra | 1-Bedroom | $1,135 | $34,050 | 50% | 2 | 0 |
| Verra | 2-Bedroom | $1,281 | $38,430 | 50% | 1 | 0 |
| Verra | Studio | $1,175 | $35,250 | 60% | 2 | 1 Unit built out for Households with Mobility Impairments |
| Verra | 1-Bedroom | $1,378 | $41,340 | 60% | 2 | 0 |
| Verra | 2-Bedroom | $1,559 | $46,770 | 60% | 1 | 0 |
| Verra | Studio | $1,383 | $41,490 | 70% | 17 | 0 |
| Verra | 1-Bedroom | $1,621 | $48,630 | 70% | 23 | 1 Unit built out for Households with Mobility Impairments |
| Verra | 2-Bedroom | $1,837 | $55,110 | 70% | 8 | 3 (1 Unit built out for Households with Mobility Impairments; 2 Units built out for Households that are Deaf/Hard of Hearing) |
| Verra | Studio | $2,009 | $60,270 | 100% | 10 | 2 (1 Unit built out for Households with Mobility Impairments; 1 Unit built out for Households that are Deaf/Hard of Hearing) |
| Verra | 1-Bedroom | $2,351 | $70,530 | 100% | 11 | 2 Units built out for Households with Mobility Impairments |
| Verra | 2-Bedroom | $2,670 | $80,100 | 100% | 2 | 0 |
| West Of Center Apartments | 1-Bedroom | $1,648 | $49,440 | 80% | 1 | 0 |
| 25 Gardner Street | 1-Bedroom | $1,621 | $48,630 | 70% | 2 | 0 |
| 25 Gardner Street | 3-Bedroom | $2,057 | $61,710 | 70% | 1 | 0 |
| Grove Street Landing | 1-Bedroom | $2,391 | $71,730 | 80% | 2 | 0 |
| Grove Street Landing | 2-Bedroom | $2,649 | $79,470 | 80% | 2 | 0 |
| 93 Centre Street | Studio | $1,623 | $54,690 | 80% | 1 | 0 |
| The Cove | 1-Bedroom | $2,248 | $67,440 | 80% | 3 | 0 |
| Beacham Street Apartments | 1-Bedroom | $1,900 | $57,000 | 80% | 4 | 0 |
| Essex Landing | 1-Bedroom | $1,700 (reduced rent due to unit being above fitness center) | $51,000 | 80% | 1 | 0 |
| Essex Landing | 1-Bedroom | $2,100 | $63,000 | 80% | 2 | 0 |
| Jefferson Station | 1-Bedroom | $2,290 | $68,700 | 80% | 1 | 0 |
| Jefferson Station | 2-Bedroom | $2,714 | $81,420 | 80% | 1 | 0 |
| Prynne Hills | 1-Bedroom | $2,227 | $66,810 | 80% | 4 | 1 - unit built out for households with mobility impairment |
| Prynne Hills | 2-Bedroom | $2,441 | $73,230 | 80% | 2 | 0 |
| The Overlook at St. Gabriel's | 2-Bedroom | $3,704 | $111,120 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | 1-Bedroom | $3,079 | $92,370 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | Studio | $2,833 | $84,990 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | Studio | $2,683 | $80,490 | 150% | 1 | 0 |
| Tremont | 1-Bedroom | $2,467 | $74,010 | 80% | 1 (ADA-M Unit) | 1 Unit built out for Households with Hearing Impairments |
| Huntington | 1-Bedroom | $2,467 | $74,010 | 80% | 1 | 0 |
| Huntington | 2-Bedroom | $2,746 | $82,380 | 80% | 1 | 0 |
| Halstead Burlington | Studio | $2,050 | $55,350 | 80% | 2 | 0 |
| Halstead Burlington | 1-Bedroom | $2,500 | $67,500 | 80% | 1 | 0 |
| Halstead Burlington | 2-Bedroom | $2,900 | $78,300 | 80% | 1 | 0 |
| Ellington | 2-Bedroom | $1,987 | $59,610 | 80% | 1 | 0 |
| Essex Street Lofts | Studio | $1,492 | $44,760 | 80% | 2 | 0 |
| Essex Street Lofts | 1-Bedroom | $1,685 | $50,550 | 80% | 1 | 0 |
| Lux | 1-Bedroom | $1,998 | $59,430 | 80% | 1 | 0 |
| 7Ink | Single Room Occupancy (SRO) | $1,214 | $36,420 | 70% | 1 | 0 |
| 16 Laurel | 1-Bedroom | $2,100 | $63,000 | 80% | 1 | 1 Unit built out for Households with Audio Visual Impairments |
| 16 Laurel | 2-Bedroom | $2,400 | $72,000 | 80% | 1 | 1 Unit built out for Households with Mobility Impairments |
| Oriole Landing | 1-Bedroom | $2,100 | $63,000 | 80% | 2 | 0 |
| Gateway at Millis | 2-Bedroom | $2,472 | $74,160 | 80% | 2 | 1 Unit built out for Households with Mobility Impairments |
| Tidewater | 2-Bedroom | $2,585 | $77,550 | 80% | 1 | 0 |
| The Artemis | 1-Bedroom (ADA-M Unit) | $2,250 | $67,500 | 80% | 1 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
| 598 - 600 North Ave | 2-Bedroom | $2,532 | $75,960 | 80% | 1 | 0 |
| Bremen 282 | 2-Bedroom (Certified-Artist Only Unit) | $1,559 | $46,770 | 60% | 1 | 0 |
| 436 Washington Street | 1-Bedroom | $1,900 | $57,000 | 80% | 5 | 0 |
NEXT STEPS
INCOME & ELIGIBILITY QUESTIONS / FAQ
How is my income calculated?
The household income is calculated based on the gross income of the household. Commissions, bonuses and other regular payments are included and considered part of the gross annual income.
I didn’t file taxes last year. What do I need to provide?
Individuals or households who did not file taxes must provide a verification of non-filing from the IRS in lieu of a tax return. To obtain the verification of non-filing, applicants should fill out a 4506-T form and file it by mail or hand-deliver it to an IRS office. The IRS will mail back a letter of verification which must be provided with the income materials given to the marketing agent. See the IRS website to download a 4506-T form.
I received a pay raise between the time I picked up an application and the time I was income certified and now I am over the income limit. What do I do?
Income is calculated at the time the applicant submits an application to the lottery agent, not during the application process or at the time of the lottery. Eligibility must be maintained from the time of the application pick up until after income certification verification. Unfortunately, if an applicant’s income is over the income limit, the applicant will not be eligible for the particular unit for which they applied.
I have children in school/college, how does this affect my application?
Income from children in school/college under the age of 18 is not considered towards the income of the household.
Are student loans considered income?
Student loans are not considered income and may not be used to income qualify.
I am separated from my spouse, does this affect my application?
Legally married couples shall both be considered part of the household, even if separated. Applicants with additional questions regarding this policy must speak with the marketing agent/seller.
I would like to appeal a decision regarding income eligibility. How do I appeal? Applicants who are rejected will receive a rejection letter in writing and will be given 7 days for the opportunity to appeal the decision.
PROPERTY & COMMUNITY QUESTIONS / FAQ
Services & Utilities Included in the Rent
Independent Living
- One meal per day
- Transportation
- Concierge services
- Scheduled community activities
- Weekly housekeeping services with linen service
- Apartment maintenance
- Utilities including water, sewer, gas and electricity
Assisted Living
- Three meals per day
- One (1) hour of personal care per day
- Concierge services
- Transportation
- Scheduled community activities
- Weekly housekeeping services with linen service
- Apartment maintenance
- Utilities including water, sewer, gas and electricity
Applicants with assisted living needs must be clinically appropriate and will be assessed by Waterstone of Lexington to ensure that the needs of the applicant can be met. These determinations will be made at the sole and absolute discretion of Waterstone of Lexington.
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