A Wellesley developer wants to convert the old Poor Clare Nuns Monastery along the Arborway into 38 senior rental units, and build a new building behind the existing monastery for 85 condos. Proposal to make the St. Clare’s Monastery into 38 rental units and build a new building for 85 condos. Sixteen Penny Company wants to completely renovate the existing 50,000 sq. ft. of the monastery building into the 38 senior rental units, with 25 units designated as affordable. The project would also include 8,000 sq. ft. of amenity space, 118 parking spaces and 103 long-term bicycle parking spaces, according to the project notification form submitted to the Boston Planning Department. #propertymanagement #propertymanagementcompanies #propertymanagementcompany #property #propertyinvestment #propertymanager #bostonproperties #bostonrealestate #boston #jamaicaplain #massachusetts #realestateinvesting #realestateinvestor #bostonnews