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.