What: The Beverly 

Where: 101 Beverly St., Boston 

Owner: Related Beal Cos. 

Built: 2016-2018  

More than 6,000 Boston residents applied to live in The Beverly, the city’s first all-workforce and affordable housing development completed in 25 years. 

The 14-story tower, which officially opened July 24, includes 239 pet-friendly apartments, including 48 reserved for households earning 30 to 50 percent of the area median income. The remaining 191 units were leased to households with incomes between 110 and 167 percent of AMI. 

The project includes a 220-room Courtyard by Marriott hotel developed by Related Beal and Turnberry Assoc. 

Worcester-based Central Rock Gym will open its first climbing fitness facility in Boston late this year in part of the Beverly’s ground-floor retail space. The gym will include cardio and strength training equipment, yoga classes and a bouldering area. The first Boston location of A&B Burgers will open in late summer. 

 

They Said It: 

“Cities benefit from diversity in housing to attract and keep the families, talent and companies that make our city great. We are proud of our affordable housing roots and thrilled to build on that legacy with these new workforce and affordable homes in downtown Boston.” 

— Kimberly Sherman Stamler, president, Related Beal 

Hot Property: The Beverly

by Banker & Tradesman time to read: 1 min
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