The Pioneer
Update
12/03/17
The Pioneer, upcoming 286-unit luxury apartment development in Everett, secures joint venture equity and construction financing
Joint venture equity and $57.45 million in construction financing have been secured for The Pioneer, an upcoming 286-unit luxury apartment development located in Everett steps from the new MBTA Silver Line Extension and Commuter Rail stations at Mystic Mall in Chelsea. Working on behalf of The Pioneer developer Post Road Residential, Colliers International’s Boston Capital Markets Group arranged a joint venture partnership for the project with CrossHarbor Capital Partners LLC, as well as construction financing through TD Bank N.A. and People’s United Bank. Upon its’ completion in Fall 2018, The Pioneer, which has begun construction, will offer desirable amenities including a landscaped courtyard with a heated pool, a rooftop lounge and a two-level fitness center. Per Post Road, apartments at The Pioneer will be offered at rents significantly lower than comparable buildings closer to Downtown Boston.
