Ttoren Update 08/30/19

Allston Development Secures $12.775 Million in Construction Financing

The project at 44 North Beacon Street in Allston has been financed via Needham Bank for $12.775 million.

The approved 30-unit residential building located in Allston’s Union Square is just steps from the 15.2-acre Boston Landing mixed-use development. Unit sizes will range from studios to three-bedrooms. Four units at 44 North Beacon Street will be designated affordable.

A total of 1,500 square feet of amenity space would be provided inside the proposed building, in addition to 3,850 square feet of outdoor space including rooftop terraces. A courtyard would be constructed along North Beacon Street featuring landscaping and local art installations.

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