- 378-unit apartment development
Purchased off market via an option until entailments were complete - Well located opportunity in central Boston CBD served by transit and at the nexus of established neighborhoods
- Redesigned entitled site to increase number of units greatly reducing the per door acquisition price and increasing underwritten returns
- The project targeted LEED Gold and look to incorporate energy efficiency and water efficiency features as well as a co-generation system for on-site power generation
- Completed in February 2015
- At current lease up pace will achieve stabilization three months ahead of schedule with rents above proforma
