650K SF Mixed-Use Project Planned for 7.3 Acre Site in Capitol Riverfront
Oxford Properties, Greystar, and J.P. Morgan Asset Management are planning a 650,000 square foot mixed-use project on the 7.3-acre site purchased from CSX Transportation last month for $67.5M. The project would include around 750 rental units and 42,000 square feet of coworking space between two 13-story buildings. The development would also include 70,000 square feet of amenity space and a parking garage with 357 spaces. The development team hopes to start construction before the end of the year.
First Phase of Market Central, Union House, Now Open
Union House, the first building within Central Square's newest residential development, Market Central is now open. Apartments within Union House range from studios renting for around $2500 per month through three bedroom, 2 bathroom homes going for $4500.
Link, the second building in the project is also nearly complete, with interior finishing wrapping up. Link will feature an abundance of common spaces including a roof terrace, shared kitchen, lounge, and game room. The final building in the development, WaterMark Central is expected to open in 2020. In total Market Central will feature 308 apartments and 17,000 square feet of retail space.
Steel Framing Almost Complete for Hilton Hotel in South Bay Center
Structural steel framing is nearly complete for the upcoming Hilton Hotel as part of the South Bay Town Center redevelopment. The 6-story hotel will feature 130 guest rooms and is expected to be complete sometime next year. The hotel is the final piece of the redevelopment of the 10-acre site which includes new retail/restaurant space along with The Andi apartment building, featuring 475 units, now leasing.
Construction Complete for Elan Union Market in Watertown
Construction is now complete for Elan Union Market, the newest luxury apartment community in Watertown. Located at 130 Arsenal Street in Watertown, Elan Union Market offers residents easy access to shopping, popular restaurants, and recreation in the surrounding areas of Watertown, Waltham, Cambridge, and Boston.
The 282-unit development includes an array of thoughtfully designed amenities including a modern clubhouse with a variety of social spaces, an entertainment kitchen, art gallery, yoga room, and top-of-the-line fitness equipment. The pet-friendly community offers open green space, an outdoor courtyard with grilling stations, a swimming pool with sun deck, as well as bicycle storage and repair stations. Shared indoor and outdoor community space includes a resident lounge with billiards and a tech center with meeting rooms, a coffee bar, and workspaces. The building is currently more than 75% leased.
Each apartment home features quartz-countertops, stainless steel GE™ appliances, hardwood flooring, generous storage, and Nest™ thermostats. All units – studios to 3-bedrooms – include in-unit washer/dryers, walk-in closets, and chrome fixtures, many residences have private balconies.
Elan Union Market is the first multi-family community in the Boston area developed and owned by Greystar, a global leader in the investment, development, and management of high-quality rental housing properties.
“We are thrilled to celebrate the grand opening of our inaugural project in the Greater Boston area,” said Gary J. Kerr, Managing Director for Greystar. “It is terrific to welcome residents and see them enjoy the amenity spaces and explore all that Watertown and Elan Union Market has to offer.”
Greystar Putting Finishing Touches on Elan Union Market in Watertown
While most recognized as one of the country's largest property management firms, Greystar also operates a significant development arm with 76 projects (over $12B) in the pipeline across the globe. Here in the Boston area, Greystar is wrapping up construction on Elan Union Market in Watertown, a recent stop on the NAIOP Science of Success Bus tour. The 282 unit building opened to first residents in June of last year and interior finishing is underway for the final units.
The building designed by TAT features apartments ranging in size from studios to three bedrooms along with 7 outward facing courtyards to welcome in residents and provide a better streetscape for the community. 13,000 square foot of amenity space is also found on-site including an art gallery showcasing historic Watertown art, an outdoor pool, and fitness center.
Rents at Elan Union Market are ranging from $1800 to $4650 per month and include a very unique amenity, Hello Alfred service. As a service partner with Greystar, Hello Alfred provides a free weekly tidy up for all residents at the building. The Hello Alfred team will empty the dishwasher, take out the trash, and make the bed, certainly a nice extra perk!
Situated just a few blocks from Watertown Square on one side and Arsenal Yards on other the Elan Union Market location is proving popular with renters, as the project is already 75% leased.
Foundation Work Started for Hilton Hotel at South Bay Center
Foundation work has started for the upcoming Hilton Hotel as part of the South Bay Center's redevelopment. The extended stay hotel will feature 130 rooms along with parking for 77 cars. Construction on the hotel is set to be complete in 2020.
Facade Work Fast Progressing on Link and Watermark at Market Central
Facade work is moving forward rapidly on both Link and Watermark as part of the Market Central development in Central Square. Link, expected to open later this year will offer studio through three-bedroom units along with ample abundant common spaces including a roof terrace, shared kitchen, lounge, and game room. The 19-story Watermark tower will also offer studio through three bedroom homes designed with a mix of modern and industrial design elements. Resident amenities include on-site concierge service, fitness center, and roof terrace. Watermark is set to open in 2020. Union House, the smaller, boutique building located off Mass. Ave that rounds out the development is now open.
Site Work Underway for New Hotel at South Bay Center in Dorchester
Trees have been cleared and site work is underway for the upcoming 90,000 square foot hotel to be part of the South Bay Center's redevelopment. The Hilton hotel will feature 130 extended stay rooms and surface parking for 77 cars. The hotel will sit on Parcel E within the development, adjacent to the existing Courtyard Marriott. Construction on the hotel is set to be complete in 2020.
Construction Continues on all 3 Buildings at Market Central
The transforming project, Market Central, in Central Square Cambridge is rapidly progressing. Facade install is ongoing for the 19 story tower, Watermark Central which will offer high-end residences and amenities including concierge service, a fitness center, and sky terrace. Construction on the tower is set to be complete in 2020.
Link, the six-story mid-rise building in the project, will offer a variety of co-living options along with a community lounge and game rooms. Exterior work and window install are ongoing here with construction expect to wrap this summer.
Off Mass. Ave, Union House, a smaller boutique building within Market Central is nearly complete with units ranging in size from studios through 3 bedrooms now leasing.
In total, Market Central will include 308 apartments and 17,000 square feet of retail space this transit-oriented location.
Serenity Apartments Acquired for $123.25 Million
Oxford Properties Group has acquired the property at 101 South Huntington Ave in Boston, MA for $123.25 million.
The property features a mixed-use building that sits on a long-vacant Mission Hill parcel. Serenity features 195 apartments including studios, one-bedrooms, two-bedrooms, and three bedrooms. 24 residences overlooking Olmsted Park feature private elevator access. A 2,100 square foot retail space fronts South Huntington Avenue. Amenities at Serenity include a swimming pool, a fitness center, and a green roof deck. Underground parking is located on site for 100 cars.
Market Central Tops Off
The 19-story, 195-foot residential tower along Mass. Ave. at the heart of Market Central has topped off. This building has been dubbed Watermark Central and will offer concierge service, a fitness center, yoga room, sky terrace, and community lounge. Construction is set to be complete in 2020.
The first phase of Market Central that will be complete will be Union House, a four-story building situated along the back of the project. Units here will range in size from studios up to three bedrooms. Exterior and interior work are ongoing for this building which is now leasing.
The third building in the project is Link, a co-living option that offers private micro units to two or three-bedroom homes, a community lounge, outdoor terrace, and game rooms. Window install and exterior work are ongoing here. This building is set to open in Summer 2019.
In total the Market Central development will feature 308 apartments and around 17,000sf of retail space. 60 residences will be designated affordable. Approximately 150 vehicle parking spaces and 360 bicycle parking spaces will be located on site as well.
The Andi at South Bay Nearing Completion
The Andi at South Bay is now leasing as work is wrapping up on the first building (Building D) in the project. The 475 luxury unit complex, located in the new section of the South Bay Center will offer residents a host of amenities including 2 fitness centers, a private courtyard, salt water pool, and co-working space. Units within the project range in size from 450 sf studios to 1400 sf 3 bed/2bath apartments. The Andi is a key piece of the new 720,000 square foot mixed-use development that has transformed the 10-acre site at the intersection of Dorchester and South Boston.
Residential Building D nearing completion
Renderings of The Andi: