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Mount Vernon Co. Secures $19M Construction Loan For Allston

Oct 12, 2012 | Reprints | Unlock Link | Print

The Edge Cornerstone Realty Consultants has arranged $19 million in construction financing for the Mount Vernon Co. to develop a 79-unit apartment building in Boston’s Allston neighborhood.

The developer, who recently completed the construction of The Element, a 100-unit apartment property in the neighborhood, has already begun construction on the new building. The property, to be known as The Edge, will be located at 60-66 Brainerd Road, replacing a 47,000-square-foot warehouse.

The Mount Vernon Co. plans to develop and renovate more than 500 units, plus retail space, in Allston.

Commercial & Industrial