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 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.