Multi-Housing News
February 14, 2018
By Timea Papp

Developers focused on upscale properties, but also considered local regulations and incentives regarding the need for affordable units. Yardi Matrix rounded up the 10 largest deliveries in 2017’s Boston.

Strong economic and demographic expansion is fueling Boston’s development boom, and construction activity hasn’t shown signs of slowing down in 2017. As developers primarily focus on high-end properties, companies strive to include affordable units into their projects due to local regulations and incentives. Yardi Matrix has compiled a list of the top 10 residential developments delivered in 2017—eight of which are partially affordable—pointing toward a successful implementation of the above-mentioned direction.

9. THE MERC AT MOODY & MAIN

Named after the historic mercantile property that stood on the same corner in Waltham, Mass., The Merc encompasses three five-story buildings and a total of 269 apartments. The team of Northland Investment Corp., Erland Construction and Stantec completed the community in April 2017, with a focus on similar masonry details and large windows featured in the original structure’s facade. Situated at 45 Moody St., The Merc includes 27 affordable units, a two-story parking garage, a wellness/fitness center and a sky deck.

 

To view the full article, visit https://www.multihousingnews.com/post/top-10-boston-completions-of-2017/