Elan Union Market Update
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.