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.
Cracking the Co-Living Code in Boston
Boston’s newest co-living complex opened in January in Allston. And a prominent developer has figured out how to make it work. But city officials have put a pause on more housing developments like this.
New Construction Is Changing the ‘Student Ghetto’
Allston is a microcosm of Boston’s housing affordability dilemma, as developers target virtually every buildable parcel. But locals say the city isn’t approving the kinds of family-friendly units that would help stabilize the community.
Who Defines Equitable Planning and Development Priorities in Boston?
Earlier this month, the Boston Zoning Board of Appeals rejected a project that would have brought a sustainable, affordable multifamily building to a transit-heavy site in the Roslindale neighborhood. The reason? The project did not include on-site parking.
Coliving Seeks Immunity from Virus
Local developers of innovative housing insist the coliving trend – where renters share spaces such as kitchens, bathrooms, common areas and other amenities in exchange for lower rent prices – has not succumbed to the risks of COVID-19, despite reports of its demise.
Co-Living Provider Will Rely on ‘Virtual Leasing’
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.
New Housing Models OK’d in Allston and Fenway
A 278-bed co-living development in Allston and 451-unit private student housing complex in the Fenway moved a step closer to groundbreaking.
Allston Co-Living Complex Gets IAG’s Support
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.
With Deep Pockets, Lab Developers Positioned to Dominate Allston
The success of Boston Landing – which leased brand-new lab space to Roche Diagnostics, incubator SmartLabs and Proteostasis Therapeutics in 2017 – put Allston on the map as a budding life science cluster. Now, life science developers have begun to outbid multifamily competitors for development sites.
Experimental Housing Expands Footprint in Boston
In a city with a chronic shortage of college dorms and a housing affordability crisis, private for-profit developers are preparing to fill the void.
Second Co-Living Project Proposed In Boston
Living with roommates is nothing new in Allston, but now a development team is moving forward with a large-scale project specifically designed to accommodate group housing arrangements.
