AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in building value for the long term.
With changes to the iconic sign complete, construction continues on various phases of the Avalon Hilltop development. Work is nearly complete on the commercial component with tenant fit-out taking place including on the 110 Grille.
On the residential side exterior work and window install are underway for 2 of the buildings with framing ongoing for another two toward the back of the project. Residential buildings are scheduled to open in fall 2019.
In total, the project will include 280 luxury apartments, a mix of studios, 1, and 2 bedrooms and 24,000sf of retail.
Commercial Space at Avalon Hilltop Set to Open in Late October
Commercial space at Avalon Hilltop is nearing completion with expected opening in late October. According to Jonathan Hueber, Director of Acquisitions at Crosspoint Associates, several commercial tenants including 110 Grill, Starbucks, Salem Five Bank, and Aspen Dental are already lined up to move into the highly anticipated development. Around 9,000 sf of commercial space remains available for lease at this high traffic location on Route 1 in Saugus.
Behind the commercial buildings, framing is underway for the residential portion of the development. Three new four-story residential buildings will be constructed to include 280 luxury apartments. Construction on the residential buildings is expected to be complete in Fall 2019.
Approved mixed-use redevelopment of the 14-acre former Hilltop Steakhouse site located on Route 1 in Saugus. Three new four-story residential buildings will be constructed at the site’s rear containing 280 luxury apartments. Apartments will include 16 studios, 122 one-bedrooms and 142 two-bedrooms surrounding a landscaped courtyard with a pool, grills, fireplaces and dog parks. 10% of apartments will be designated affordable.
Two new buildings featuring 24,000 square feet of retail will be constructed along Route 1. Retail will be co-developed with Crosspoint Associates and will include service-oriented businesses such as a dry cleaner, a hair salon, a coffee shop and a pharmacy as well as both full-service and casual restaurants. The development team intends to use the property’s existing liquor license. The landmark neon Hilltop Steakhouse cactus sign, which remains on site, will be incorporated into the development.
Parking will be constructed both at grade at the front of the property and in a new parking garage at the property’s rear. Resident parking will be constructed at a 1.62 residential-unit-to-parking-space ratio. Construction of the project is scheduled to commence by the end of 2017 and will take approximately two years.
Callahan Construction Managers has completed construction on Phase II of AVA North Point in Cambridge. The 265 total unit luxury buildings (2), developed by AvalonBay Communities, features a mix of studio, one, two, and three bedroom residences. Resident amenities include a 24hr fitness center, gaming lounge, pool, elevated courtyard, pet spa, and a bike workshop with a unique DIY space.
The distinct apartments exterior was designed by Kyu Sung Woo Architects Inc. with CUBE 3 Studio designing the interior units. Most feature sliding barn doors, gear walls, utility charging stations, and chalkboard walls. In addition, the apartments include stainless steel appliances, granite countertops, in-unit laundry, and are designed for LEED Silver sustainability.
Callahan's work on the six-story, wood framed building also includes 3,000 square-feet of retail space on the ground floor and three levels of underground parking. AVA North Point is ideally situated less than a 5 minute walk from the Lechmere MBTA station and just one mile from Boston.
Finishing touches underway at AVA North Point luxury apartments in East Cambridge, built by Callahan Construction Managers
The exterior facade of AVA North Point, a new six-story, wood framed, 265-unit luxury apartment community, has been completed. The complex, developed by AvalonBay Communities and built by Callahan Construction Managers, is set to open this summer. In addition to the façade completion, finishes are currently being installed within apartments that include granite countertops, stainless steel appliances, hard surface flooring and in-unit washers and dryers. Common spaces, including lounges, a fitness center, landscaped elevated courtyards and a swimming pool are also being fit out.
AVA North Point will feature studio, one-, two- and three-bedroom apartments, efficiently designed to LEED Silver sustainability specifications. The community will also include a 3,000-square-foot ground-floor retail space and three levels of underground parking. AVA North Point is located steps from the Lechmere MBTA Green Line station, Kendall Square and the 45-acre, 4.5-million-square-foot Cambridge Crossing development, soon to be home to the North American headquarters of global healthcare technology leader Philips. The following is a photograph of AVA North Point:
Panoramic sky pavilion opens at Avalon North Station luxury apartment tower
A stunning top-floor, indoor-outdoor sky pavilion featuring panoramic views of the Boston skyline has opened at the new 38-story Avalon North Station luxury apartment tower in Bulfinch Triangle. The pavilion is open to all Avalon North Station residents and features a luxurious indoor lounge with state-of-the-art finishes and furnishings, in addition to a spacious outdoor roof deck. Open since last Winter, Avalon North Station features 503 luxury apartment residences with studio, one-bedroom, two-bedroom and three-bedroom configurations now available for lease conveniently located steps to North Station, the Harborwalk and Downtown Boston. The following are photographs of the new sky pavilion at Avalon North Station:
AvalonBay acquires former Hilltop Steakhouse property in Saugus for $17.25 million following mixed-use development approval
AvalonBay Communities has acquired the 14-acre former Hilltop Steakhouse site on Route 1 in Saugus, on which the company recently received approval to construct a 280-unit luxury rental apartment community with 24,000 square feet of retail, for $17.25 million. The sale amounts to $1,232,142.86 per acre. AvalonBay will start construction of the mixed-use development, dubbed Avalon at Hilltop, by the end of this year; the development will take approximately two years to complete.
Avalon at Hilltop was unanimously approved by the Saugus Planning Board in April. Apartments at Avalon at Hilltop will feature luxurious finishes including stainless steel appliances throughout, granite countertops and large windows. Resident amenities will include a freshly landscaped courtyard, a pool, multiple fireplaces, a top-notch fitness space, grills and a dog park. Retail at Avalon at Hilltop will be developed in partnership with Crosspoint Associates. AvalonBay is the owner of over 285 apartment communities and 82,000 apartment homes across 10 states.
Early 2018 construction start eyed for Avalon Brighton luxury residences
AvalonBay is aiming to break ground early next year on Avalon Brighton, a proposed luxury residential development featuring 210 apartment and condominium residences. AvalonBay has officially filed revised plans for the project with the Boston Planning & Development Agency (BPDA) in response to community feedback, reducing overall density and increasing public open space. Proposed rental apartments have been reduced by 40 units to 180 in response to concerns regarding resident transiency; 30 homeownership condominiums remain proposed. AvalonBay is exploring opportunities to increase the number of homeownership condominiums at Avalon Brighton. Approximately 51% of the Avalon Brighton site is now proposed to be open space. Construction of Avalon Brighton as proposed would last approximately 24 months. The BPDA is now reviewing AvalonBay’s revised plans.
Avalon Brighton plans revised to include less residences, more open space
AvalonBay Communities recently presented revised plans for the proposed Avalon Brighton residential development in response to community feedback. The revised plans call for a reduction in residences to 210 total, down from 250 as proposed in October 2016. 40 apartments have been eliminated from the development plan in response to concerns regarding resident transiency; accordingly, the project would now feature 180 apartments and 30 condominiums. Likewise, project density has been reduced by over 20%, and on-site open space coverage has been increased to 51% from 37%, reducing the project’s floor-area-ratio (FAR) to 1.7 from 2.1.
Under the revised plans, 210 parking spaces would be provided for residents, in addition to 10 newly-added visitor spaces, down from 250 spaces as previously proposed. Building design has been modified to provide an increased setback from neighborhood streets. As part of the project, a new bus shelter would be constructed at the intersection of Washington Street and Fidelis Way, and streetscape improvements would be made. Updated renderings of Avalon Brighton are posted above; the project remains under review by the Boston Planning & Development Agency (BPDA).
Wood superstructure framing underway at Avalon NorthPoint Phase Two in Cambridge
Construction of wood superstructure framing is well underway at Avalon NorthPoint Phase Two, a new mixed-use building located across from the Lechmere MBTA Green Line station, and will soon reach its’ full height of six stories. The first section of Avalon NorthPoint Phase Two’s post tensioned concrete podium structure, which will house the building’s ground floor lobby and retail space and is serving as the wood framing’s base, is complete. Underneath Avalon NorthPoint Phase Two are three completed levels of below-grade parking. Upon completion, Avalon NorthPoint Phase Two will feature 285 apartment residences with approximately 3,000 square feet of ground-floor retail. The following are photographs of Avalon NorthPoint Phase Two:
Avalon North Station, a new 38-story luxury residential tower in Bulfinch Triangle, is now open and leasing apartments. The newly-built building features luxurious finishes and unparalleled amenities including a sky pavilion and rooftop deck with sweeping views of the Boston skyline and Boston Harbor. Rents at Avalon North Station start at just under $2,300/month for a studio apartment. The following are photographs of Avalon North Station:
Details revealed for Hilltop Steakhouse Redevelopment on Route 1 in Saugus
AvalonBay Communities and retail co-developer Crosspoint Associates have revealed new details of Avalon at Hilltop, the proposed $100 million redevelopment of the 14-acre former Hilltop Steakhouse property along Route 1 in Saugus. Preliminary plans call for 280 residential apartments with 24,000 square feet of retail. The City of Saugus is now reviewing these plans.
AvalonBay proposes 250 residential units on Washington Street in Brighton
AvalonBay Communities has filed a Project Notification Form (PNF) with the Boston Planning & Development Agency (BPDA) proposing to construct 250 residential units, including 220 apartments and 30 condominiums, on Washington Street in Brighton located steps to the MBTA Green Line and Brighton Center; the following is a link to the PNF. AvalonBay anticipates to start construction by the end of 2017; construction would last
approximately 24 months. Two large development projects, 101-105 Washington Street and the Saint Gabriel's Monastery Redevelopment, are proposed next to the AvalonBay site. The following are renderings of Avalon Brighton:
J. Derenzo Companies excavates Avalon NorthPoint Phase Two foundation
J. Derenzo Companies has excavated Avalon NorthPoint Phase Two’s three-level underground parking garage. Concrete is now being poured to construct the building’s foundation and the garage. The following is an Instagram photograph by Feldman Land Surveyors of the Avalon NorthPoint Phase Two construction site:
Residential apartments at Avalon North Station, a new 38-story mixed-use tower in Bulfinch Triangle, are now leasing. Rents and floor plans have been posted on the Avalon North Station website; rents will start at $2,270/month for studios, $2,595/month for one-bedrooms, $3,750/month for two-bedrooms and $5,435/month for three-bedrooms. Renters who sign a lease by September 30th will receive one month of rent free. An Avalon North Station leasing representative confirmed that the first move in at Avalon North Station is tentatively scheduled for November 3rd.
AvalonBay has also released photographs of a completed unit at Avalon North Station as well as a video and photographs showing Avalon North Station's sweeping Boston skyline views; both the photographs and video can be found below:
Excavation and foundation work underway at Avalon NorthPoint Phase Two
J. Derenzo Companies has nearly fully excavated the underground parking structure of Avalon NorthPoint Phase Two, a six-story residential building located steps away from the Lechmere rapid transit station. A total of three levels of underground parking will be excavated. Sheet pile walls reinforced by horizontally-mounted large diameter round steel beams are being used to support the excavated garage. A reinforced concrete foundation is being poured vertically along the garage’s perimeter to support the building’s substructure. Approximately 285 residential rental apartments and 3,000 square feet of retail space will be constructed at Avalon NorthPoint Phase Two. The following are photographs of Avalon NorthPoint Phase Two:
AvalonBay Communities plans new apartment project in Brighton
Universal Hub reports that David Gillespie of AvalonBay Communities presented plans to the Brighton Allston Improvement Association this month for a new 287-unit residential apartment project in Brighton. The proposed project would be located along Washington Street next to the proposed Saint Gabriel's Monastery Redevelopment project.
Avalon Bay proposes to construct two new six-story buildings joined by a two-story center structure. 230 resident parking spaces would be located in a new garage underneath the buildings.
AvalonBay Communities moves to purchase former Hilltop Steakhouse property on Route 1 in Saugus
The Boston Globe reports reports that
AvalonBay Communities has an agreement to purchase the former Hilltop
Steakhouse property located at 855 Broadway on Route 1 in Saugus from current owner High Country
Investor, Inc. Development concepts for the 14-acre site include residential
and retail uses. The property’s existing liquor license will likely be retained
for retail use. A sale price for the site has not been reported.
J. Derenzo Companies breaks ground on NorthPoint’s next residential development
J. Derenzo Companies has broken ground on Phase Two of the Avalon NorthPoint residential development project and is excavating the project’s foundation and underground parking structure. Two new buildings will be built as part of Avalon NorthPoint Phase Two containing approximately 285 residential units and 3,000 square feet of ground-floor retail.
J. Derenzo Companies excavates Avalon NorthPoint Phase Two's foundation and underground parking structure
J. Derenzo Companies excavators at Avalon NorthPoint Phase Two
Excavation at Avalon NorthPoint Phase Two
Driving of sheet piles is underway along the foundation to construct the sheet pile wall. The wall will reinforce Avalon NorthPoint Phase Two’s foundation and three-level underground parking structure.
Sheet piles being driven along Avalon NorthPoint Phase Two's foundation
Allied Pile Driving, Inc. driving sheet piles at Avalon NorthPoint Phase Two
Sheet piles driven at Avalon NorthPoint Phase Two
Driving of sheet piles underway at Avalon NorthPoint Phase Two
NorthPoint master developer DivcoWest acquired the 42-acre master-planned NorthPoint site for $300 million in August 2015. Upon completion, NorthPoint will contain a mix of residential and commercial uses located near Downtown Boston and Kendall Square. A new 355-unit residential apartment tower at NorthPoint, Twenty|20, opened in summer 2015.
Locus map of NorthPoint site
Avalon NorthPoint Phase Two is being developed in partnership with AvalonBay Communities and The McKinnon Company. AvalonBay Communities is building a 38-story mixed-use tower, Avalon North Station, across the Charles River from NorthPoint. Avalon NorthPoint Phase Two is located across from both the existing Lechmere rapid transit station and the new relocated Lechmere station planned as part of the Green Line Extension project.
Rendering of future Lechmere station with Avalon North Point (white buildings) and the NorthPoint site in the background
More information about Avalon NorthPoint Phase Two is posted below.
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