Allston Yards Apartments Get $90M Financing Deal
After beginning lease-up in mid-2024, the first residential tower at the Allston Yards development received $90 million in financing last week from Pacific Life Insurance Co.
After beginning lease-up in mid-2024, the first residential tower at the Allston Yards development received $90 million in financing last week from Pacific Life Insurance Co.
Nearly 30 percent of the market-rate apartments at the newly-completed Alder apartments are leased as the first residential building opened last month at the Allston Yards development.
The viability of widescale office-to-residential conversion projects still is up for debate, but signs point to a greater awakening to incorporate multifamily housing into underutilized retail centers across Greater Boston.
The first residential building at the Allston Yards redevelopment has begun leasing 165 apartments in preparation for its scheduled spring opening.
Allston Yards developers are accelerating plans for condo construction after reaching agreement with the owners of a neighboring property, bringing the project’s housing component to more than 1,000 units.
Construction of 165 housing units and new Stop & Shop Supermarket is set to begin this month in a redevelopment of an 11-acre strip mall bordering the Massachusetts Turnpike.
Massachusetts’ year-end single-family median sale price reached $400,000 for the first time on record in 2019.
From a booming life science industry spreading further out from East Cambridge to new multifamily housing models and an e-commerce-fueled explosion in interest in distribution facilities, here’s what drove demand in 2019.
New England Development, the company hoping to redevelop an Allston Stop & Shop store and its parking lot into the 1.2 million-square-foot mixed-use Allston Yards development is coming under pressure to name a public park included in the multi-block project after a transgender woman whose murder is commemorated worldwide every year.
If at-large Boston City Councilor and possible mayoral candidate Michelle Wu’s critiques of New England Development’s project next to the Boston Landing commuter rail station in Allston seem unreasonable, we have some unfortunate news for you.
Boston City Councilor Michelle Wu is pointing to Stop & Shop’s proposal for nearly 900 apartments and condominiums at its 11-acre Allston property as an example of the city’s myopic approach to civic planning.
Redevelopment of Stop & Shop Supermarket Co.’s 11-acre shopping center property next to the Boston Landing MBTA station in Allston would include 1,050 apartments and condominiums and 300,000 square feet of class A office space.