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.
Aug 07, 2019
Avalon Saugus Expected to Welcome First Residents This Month
The first units at Avalon Saugus are nearly complete with first residents expected to move in this month. The redevelopment of the 14-acre former Hilltop Steakhouse site will include 280 luxury apartments in total, a mix of studio, 1, and 2 bedrooms. Units feature open plan, modern kitchens along with walk in closets and many offer den or loft space. Final phases of construction will continue through the fall with completion of the full project expected by the end of the year.
Jul 31, 2019
First Residents Take Occupancy at Avalon Norwood as Construction Continues on Later Stages of the Project
The first units at Avalon Norwood are complete while framing and window install continues on later stages of the project. The development will include nearly 200 apartments just a few blocks from the commuter rail. Units are currently priced starting at $2010 for one bedrooms up through $2900 for three bedroom homes. Community amenities include a pool with sundeck, fitness studio, and resident lounge with entertaining kitchen. The development replaces under-utilized and deteriorating turn of the century printing and industrial buildings with a mix of townhouses, apartments, and lofts.
Jun 01, 2019
Woburn Mall Demo Kicks Off
Demolition of sections of the Woburn Mall has started to make way for Woburn Village, a new lifestyle center planned for the 23-acre site. The plans, still under review, call for around 175,000 square feet of retail space along with 350 apartments within Avalon Woburn. Avalon Woburn would feature units ranging in size from 1 through 3 bedrooms along with numerous amenities including a pool, fitness center, and co-working space. Current anchor tenants of the mall, TJ Maxx & DSW, are still open and will be relocated to newly constructed buildings. The Market Basket will continue in operation at its current location. Final approval for the special permit is pending with the Woburn City Council.
May 06, 2019
First Units Nearing Completion at Avalon Saugus
The first of three new residential buildings at Avalon Saugus is nearing completion and expected to welcome residents in the coming weeks. The redevelopment of the 14-acre former Hilltop Steakhouse site will feature 280 luxury apartments in total. Units ranging in size from studios through 2 bedrooms are currently priced at $1750-$2550. Resident amenities will include a state of the art clubhouse, fitness center, saltwater pool, and a heated outdoor lounge.
At the front of the development site, commercial tenants including Starbucks are now open with interior fitouts ongoing for others including Salem Five Bank.
Mar 15, 2019
Avalon Brighton Approved by BPDA
Avalon Brighton, located at 139-149 Washington Street in Brighton has been approved by The Boston Planning Board. The project will include 2 new buildings to contain a total of 228 residential units, with 34 units income-restricted. One building will include 180 rental units, and one will include 48 homeownership units.
Dec 11, 2018
Construction Continues at Avalon Hilltop
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.
Aug 27, 2018
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.
Jul 18, 2018
Construction at Avalon Hilltop OngoingApproved 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.
Jul 11, 2018
Phase II Complete at Ava North PointCallahan 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.
Feb 26, 2018
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:
Jun 11, 2017
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:
Check out the stunning sky pavilion at @avalonnorthstation in Boston, MA. Now leasing brand new apartments. . . . . . #avalonliving #rooftopgoals #viewfromthetop #mydreamhome #realestate #apartmentforrent #apartmentgoals #bostonlife #bostonrealestate #wefoundluxury A post shared by AvalonBay Communities, Inc. (@avalonbaycommunities) on May 26, 2017 at 9:11am PDT
Jun 09, 2017
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.
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