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Totals

Total Square Footage 1,236,928
Total Dollar Volume $101,000,000.00

General

Established 2004
Website Please click here to verify >>
Phone Number 781-890-5600

Criterion Development Partners is a dynamic real estate operating company that specializes in the development, construction and asset management of investment-quality multifamily communities. Combining a wealth of industry experience with a hands-on, entrepreneurial approach, Criterion has achieved notable success developing vibrant and distinctive residential and mixed-use communities. These developments are strategically located in smart-growth, mixed-use neighborhoods that offer convenient access to mass transit, popular amenities and core employment, providing a rich living experience.

Updates

Velo JP
- Dec 09, 2019

Interior Finishing Ongoing for Velo JP: First Units Expected to Open Early 2020 Interior finishing is ongoing for the first set of units at Velo JP (formerly known as The Residences at Forest Hills). The three-building project will include 250 apartments and 4,070 square feet of ground-floor retail. Residents will have access to an array of amenities including an outdoor courtyard with yoga and exercise space and personal garden plots along with a clubhouse to feature community lounge space and fitness center. First residents are expected to move in sometime in early 2020. 


Tempo at Alewife Station
- Oct 20, 2019

Interior Finishing Underway for Tempo at Alewife Interior finishing, including work on the building's own bowling alley, is progressing for Tempo at Alewife Station. The two-building project which features 320 apartments replaces Lanes & Games, just steps from Alewife Station.  Along with the bowling alley, residents will have access to a fitness center, yoga studio, community room, and pool.  Tempo expects to welcome residents in mid to late December. Photo: Tempo Alewife


Velo JP
- Aug 08, 2019

Facade Going Up For The Residences at Forest Hills Facade install, featuring a few splashes of color, is ongoing for The Residences at Forest Hills. The three-building, transit-oriented project will include 250 rental apartments, 50 of which are designated affordable, along with over 4,000 square feet of retail space. A lower level parking garage on the site will feature room for 130 cars and 250 bikes.    


Tempo at Alewife Station
- Jul 24, 2019

Construction Continues for 300+ Unit Project at Alewife Station Construction is ongoing with siding install well underway up for the first building in the project and windows and sheathing going up for the second. The Residences at Alewife will feature 320 apartments in total, ranging in size from studios through 3 bedrooms. Amenities on-site will include a fitness center, pool, and theater room. The project located next to Alewife Station will also include a 243 car parking garage with space for over 350 bikes.


Velo JP
- May 23, 2019

Framing Complete for The Residences at Forest Hills Framing is complete with window install ongoing for The Residences at Forest Hills. These three wood-framed buildings will feature 250 apartments and over 4,000 square feet of ground-floor retail. 50 of the units will be designated as affordable. The project is located directly across the street from the Forest Hills MBTA station and is targeting a minimum of LEED Silver sustainability certification.


Tempo at Alewife Station
- Apr 10, 2019

Framing and Exterior Work Ongoing for The Residences at Alewife Station The two new buildings for The Residences at Alewife station along the Concord Turnpike in Cambridge are taking shape with siding install ongoing for the first half of the project and wood framing going up next door. These buildings will feature 320 apartments just steps from the Redline. Units will be a mix of studios and 1, 2 and 3-bedrooms with resident amenities set to include a fitness center, pool, yoga studio, and theater room. The development will also have 243 vehicle parking spaces and 336 long-term bike parking spaces.  


Velo JP
- Mar 19, 2019

Window Install Starts for First Building at The Residences at Forest Hills With wood framing ongoing for the 2nd and 3rd buildings in the project, window install has started for the first building at The Residences at Forest Hills. When complete the project will feature around 250 apartment and just over 4,000 square feet of retail just across the street from The Forest Hills MBTA Station.  Resident amenities will include a fitness center, yoga studio, clubhouse with teaching kitchen, theater room, bicycle storage, and bicycle maintenance areas, and electric vehicle charging stations.


Velo JP
- Jan 31, 2019

Construction Ongoing for The Residences at Forest Hills Various phases of construction are ongoing for the two new buildings that will make up the Residences at Forest Hills. The mixed-use project just across the street from Forest Hills station will feature 250 units along with 5,500 square feet of ground floor retail and restaurant space. 50 units within the project will be designated affordable. Resident amenities will include a fitness center with yoga studio, clubhouse with a teaching kitchen, and a theater room. 


Velo JP
- Nov 29, 2018

Framing Begins for The Residences at Forest Hills Concrete cores for the three buildings that will make up the Residences at Forest Hills are rising and wood framing has also begun. The project is set to include around 250 apartments, 50 of which will be affordable. Unit sizes will range from studios through three bedrooms.  There will also be parking onsite for 130 cars and 250 bicycles along with around 4,000sf of ground floor retail.    


RE150
- Oct 31, 2018

RE150 Refinanced for $74.25 Million Criterion Development Partners have refinanced their property in Medford known as RE150 for $74.25 million via Northwestern Mutual. RE150 is located across from 100 Rivers Edge Drive, the first residential building at Rivers Edge, which features 222 apartments and was completed in 2009. RE150 is located a short distance from the Wellington MBTA Orange Line station and Interstate 93, minutes from Downtown Boston and Cambridge. Apartments and retail space at RE150 are now available for lease.


Velo JP
- Dec 15, 2017

Developer acquires site of approved 250-unit Forest Hills apartment development for $11.75 million Criterion Development Partners has acquired the 2.2-acre site of its' approved 250-unit Residences at Forest Hills development, located across from Forest Hills Station, for $11.75 million. Criterion received approval from the City of Boston’s Zoning Board of Appeals (ZBA) to construct the $101 million, 235,000-square-foot project last summer. The project site is currently used as a surface commuter parking lot. The Residences at Forest Hills will also include 4,070 square feet of ground-floor retail and will be composed of three new buildings.


RE150
- Nov 29, 2017

Callahan completes new-construction RE150 apartments along Mystic River in Medford Callahan Construction Managers has completed RE150, a 282-unit new-construction luxury apartment complex along the Mystic River in Medford, the latest residential building at the 30-acre Rivers Edge mixed-use development. Located at 150 Rivers Edge Drive, RE150 features desirable amenities including a clubhouse, a fitness center, a swimming pool and outdoor entertainment areas such as two private courtyards and green space overlooking the Mystic River. On RE150’s ground floor is 18,200 square feet of retail and restaurant space, which could soon be home to a full-service bar/restaurant and specialty/convenience retailers, as well as vehicle parking.RE150 features two five-story buildings constructed with four-stories of wood framing above one-story steel podiums. The buildings are wrapped around an above-grade precast concrete parking garage, with a total of 1,042 parking spaces. RE150 is located across from 100 Rivers Edge Drive, the first residential building at Rivers Edge, which features 222 apartments and was completed in 2009. RE150 is located a short distance from the Wellington MBTA Orange Line station and Interstate 93, minutes from Downtown Boston and Cambridge. Apartments and retail space at RE150 are now available for lease. The following are photographs of RE150:


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Projects

RE150
Tempo at Alewife Station
Velo JP