
Allston Development Gets $58M Financing After Fast Lease-Up
An Allston co-living project that’s 97 percent leased just 10 months after tenants started moving into its shared living spaces obtained $58 million in permanent financing.
An Allston co-living project that’s 97 percent leased just 10 months after tenants started moving into its shared living spaces obtained $58 million in permanent financing.
Co-living specialist Common said it’s planning to rely on virtual tours and online leasing in the coming weeks in response to the coronavirus pandemic.
An advisory group is supporting developers’ plans for a co-living complex at 525 Lincoln St. in Allston, including a 20 percent affordability component and ban on undergraduate residents and short-term rentals.