Troy boston 275 albany

Residential + Hotels





Type: Residential + Hotels
Investment & Real Estate Development
  • 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