Greystar

$1.15M Plumbing Permit Pulled for Revere Multi-Family MacCormack Plumbing has pulled a permit valued at $1,152,000 for 50 Ocean Avenue, the rear building at Ryder. The Ocean Ave. building will include 73 units along with 38 parking spaces. The larger building within the development along Ocean Avenue will include 127 apartments. The project will also feature a 4,000 square-foot restaurant and a series of arcade/retail spaces covering 1,600 square feet.  

Leasing Underway for Bower Boston With finishing touches underway for both the first and 2nd buildings within Bower, leasing is now underway. The development will offer studios starting at around $2800 per month through 2 beds around $5500. In total, the buildings will feature 312 apartments, 37,000 square feet of ground-floor retail, and 200 underground parking spaces. Amenities spaces nestled throughout the project building offer rooms for lounging, entertaining, working and meditating. The rooftop terrace will feature a pool, sun deck, and amazing views. 

Interior Finishing Continues for The Smith: Now Leasing for Late Summer Move-In Interior finishing continues for The Smith in the South End with leasing underway for an expected move in later this summer. Units are currently ranging in price from $2825 per month for 470 square feet studios through around $6600 for a 1,328 square foot three beds. Many units at The Smith will feature private balconies, industrial-chic warehouse windows, and moveable kitchen islands.

$62M Building Permit Pulled for 212 Stuart St. Consigli Construction has pulled a building permit valued at $62M for the upcoming 19 story building at 212 Stuart Street. The project is set to include 126 apartments, two walk-up townhouses, and around 3,000 square feet of ground-floor retail/restaurant space.  Resident amenities will include an outdoor landscaped rooftop deck, common space, and bicycle storage.   

Greystar Acquires Property Management Business of Alliance Residential Greystar, a global leader in the investment, development, and management of high-quality rental housing properties has announced the acquisition of the property management business of Alliance Residential Company. The combined businesses will continue to deliver best-in-class services for clients, partners, and residents under the Greystar brand. Comprising more than 500 multifamily properties and nearly 130,000 primarily Class A units across 21 states, the Alliance portfolio and its diversified base of clients will complement Greystar’s leading property management platform to deliver numerous benefits that enhance property operations, services, and offerings. Over the past 20 years, Alliance has become the number one multifamily developer and the fourth largest management company in the United States. The combined portfolio will increase Greystar’s U.S. footprint by approximately 25 percent and significantly complement the firm’s current presence in key western markets, such as the San Francisco Bay Area, Los Angeles, Phoenix, Denver, and Las Vegas, in addition to the Northeast and Pacific Northwest. Through this transaction, Greystar will grow to nearly 19,000 team members overseeing a portfolio of more than 2,400 communities and 660,000 apartment units across 42 U.S. states and 13 countries. Alliance, the leading developer of multifamily units in the U.S. for the last two years, will streamline its focus on development, construction, and acquisition across the multifamily, workforce and senior housing segments. As part of the deal, Greystar will provide management services to Alliance’s multifamily acquisition and development businesses going forward.

Hopkinton Luxury Apartment Complex Mortgaged for $46.8M Woodview at Legacy Farms in Hopkinton has been mortgaged for $46,865,000 through HFF. The 240 unit development was constructed in 2013 and offers 1 & 2 apartments currently ranging in price from $1785 through $2786 per month. The development also includes a resident clubhouse featuring a pool and fitness center. 

Exterior Work & Window Install Ongoing for Caldwell Lynn Construction continues at Caldwell Lynn, along Munroe Street in the heart Lynn's downtown. The project, expected to open this summer will offer 259 modern apartments along with amenities including a rooftop pool, resident lounge, fitness center, and co-working space. The 10-story building will also include around 15,000 square feet of ground-floor retail space.

CO Issued for Final Units at 500 Ocean Avenue A certificate of occupancy has been issued for the final 125 units at 500 Ocean Avenue in Revere. The mixed-use project features a total of 305 modern units along with ground-floor retail and restaurant space. Amenities within the building include an outdoor fitness deck, heated pool, co-working space, and urban farming on the roof deck.  

Framing Complete for First Building at Ryder in Revere Framing is complete and window and facade install is underway for the first building at Ryder in Revere at 21 Revere Beach Boulevard. Along Ocean Avenue, work on the concrete core is ongoing along with steel framing going in for the smaller, second building within the project. In total Ryder will feature 200 apartments along with over 5,000 square feet of retail/restaurant space. Amenities at Ryder will include an expansive outdoor deck overlooking the ocean along with a bar/lounge area, lap pool, fitness center, and communal workspaces. The first units are expected to open later this year.

Notice of Project Change Approved for Phase 2 of Fenway Center With construction wrapping up for Bower (phase 1 of Fenway Center), the BPDA has approved an NPC for Phase 2 of the project. The change will adjust the mix of uses within Buildings 3 and 4 from a mix of residential, office, and lab uses to office/R&D/lab and life science. Parking has been reduced by 500 spaces in a fully automated garage while around 3,669 square feet of additional civic open space has been added. The project will sit on a podium to be constructed over the 8 lanes of the Mass Pike knitting the Fenway/Kenmore community together by creating a new connection between Beacon Street, Brookline Ave. and Lansdowne. Renderings: Gensler An opportunity to “Knit” the community An opportunity to “Knit” the community via connections from Beacon Street, to Lansdowne Station, to Brookline Avenue.via connections from Beacon Street, to Lansdowne Station, to Brookline Avenue.

Höweler + Yoon & Sasaki Announce Groundbreaking for 212 Stuart Street Höweler + Yoon and Sasaki today announced the groundbreaking for the 212 Stuart Street residential tower located in the historic Bay Village neighborhood in downtown Boston. The project was carried through the permitting process by Boston-based Transom Real Estate and is currently being developed by Greystar Real Estate Partners. The project received approval from the BPDA in summer 2017 and by the Boston Landmarks Commission in late 2018. The building will be developed on a 7,714 square-foot parcel located within Boston's “High-Spine”.  Sasaki served as the Project Architect in collaboration with Höweler + Yoon as the Design Architect. The project will include the construction of a 150,000 square-foot 19-story building containing 126 units with two townhouses and retail space on the ground level.  “The design of 212 Stuart Street is rooted in the idea that the tall building operates at multiple scales in the city,” says Eric Höweler, Principal of Höweler + Yoon. “When viewed from a distance, the building meets the sky with a distinctive silhouette and participates in the composition of the city's skyline. When experienced from the sidewalk, the building meets the ground and activates the streetscape in its immediate context.”  The site of 212 Stuart Street is currently a vacant parking lot between the Bay Village Neighborhood, and the Stuart Street corridor. “Context, here, is everything,” says Sasaki principal Victor Vizgaitis, AIA. “The entire genesis of the project came from looking for a way to moderate between two markedly different areas of the city.” The narrow building presents two distinct faces that each acknowledge the surrounding neighborhoods: the low rise residential neighborhood to the south, and the mixed fabric of the "High Spine" corridor to the north.  The building massing is broken up into a ‘coursed block,’ organized into discrete blocks of 3, 4, 5, and 6 story packages. The exterior is articulated to emphasize the vertical grain of the building with irregularly spaced opaque panels, alternating with recessed glass infill panels. The vertical panels consist of custom, multi-story precast panels with a concave, scalloped geometry.  “Considering the explicit historical concern in the neighborhood, we studied fluted geometries as a way to express depth and texture on the facade. Fluted columns themselves were constructed by stacking individual sections around a central core,” says Höweler. “This part-to-whole relationship satisfies the drive to maintain historical character, and yet the results are surprisingly contemporary.”  The heavy relief texture of the facade will create a unique optical effect, as well as some self- shading on the eastern and western exposures. Glazing for the residential units takes the form of a multi-story, recessed window wall with spandrel glass between the precast panels.  The penthouse floor is a single-loaded organization with an outdoor amenity deck to the south. The ground floor contains the lobby and retail spaces with storefront glazing facing the northern, more commercial side of Stuart Street. The southern portion of the ground floor consists of two walk-up townhouses accessible directly from Shawmut Street. These ‘new neighbors’ respond directly to the existing townhomes across the street and maintain an active residential frontage.  “Townhouses change the character of a tall residential building,” says Vizgaitis. “Particularly when they are well-detailed at their public face and set into a landscape that meshes with the city fabric, the building transforms from anonymous and controlled to something that feels personal and part of the neighborhood.” Renderings courtesy of Luxigon

BLDUP Sneak Peek: Bower BLDUP recently got an inside look at Bower, the first phase of the Fenway Center with Kelly Saito, Managing Partner at Gerding Edlen. It’s clear, even in its unfinished state, that this is not going to be just another luxury apartment building. While the exterior of the building features modern finishes and sharp angles biophilic design elements throughout the interior not only create an intriguing juxtaposition but will contribute to residents’ wellness. Bower features two buildings connected by a common podium. The first (the shorter building) offers 100 apartments set to open in May along with a roof terrace complete with fire pit and grills atop a comfortable resident lounge featuring skylights, a sizeable indoor planter, and other natural elements. Units offer Italian cabinetry including cabinet fronted appliances, beautifully tiled baths, ample closet space, and View Smart Windows. Bower is the first residential project in Boston to offer this technology which allows for automatic tinting throughout the day to keep residents comfortable while offering ample natural light. Not only does the View Glass provide a great resident perk, but it will also help the building conserve energy. The first building at Bower is expected to welcome residents in May. Residences at Bower feature Italian cabinetry and ample natural light via the View Smart Glass. The crown jewel of Bower, where we are sure residents will be lining up to relax is the amazing rooftop amenity space on the second/taller building set to open this summer. With 360 views of Boston including a look inside neighboring Fenway Park, the rooftop will offer a sizable swimming pool, cabanas, and lush plantings. Not only will this space look undeniably cool but the development team took an extra step to raise the deck allowing for space for a heat recovery system hidden under the trendy decor. Right below the roof deck, there is another resident lounge complete with an oversized skylight and more lush greenery. Downstairs generously sized residences again feature Italian cabinetry, this time a two-tone finish including upper cabinets in a lovely green. This building also houses space for the management office and resident fitness center rounding out a full suite of tenant amenities. The view from Bower’s roof deck amenity space At Bower’s ground levels one facing David Ortiz Way the other along Beacon Street retail/restaurant space rounds out the project. Saito tells us his team is actively in negotiations for these coveted spaces in a prime location so close to Fenway Park. A staircase and courtyard will offer a connection between Beacon Street & the lower level of the property plus a new pedestrian walkway will also connect Beacon and Bower itself to the Yawkey Commuter Rail Station. Preleasing for Bower is set to kick off sometime within the next 30 days with rents for the 312 luxury apartments expected to range from $2900 to $5800 per month.  https://www.bowerboston.com/