A Green District Emerging in Allston
By Veronica Grecu, Associate Editor
After getting the green light from the Boston Redevelopment Authority (BRA), The Mount Vernon Company is preparing to break ground on a $17 million residential complex at 75 Brainerd Road in Allston. Called The Icon, the project is part of the Green District, which will be the largest privately funded, multifamily community in this Boston neighborhood.
According to information listed on the developer’s website, the Allston Green District will encompass six buildings: The Element, a combination of convenient and luxury housing; The Edge; The Icon; The Metro—a series of four renovated buildings; The Matrix; and The Gateway.
The recently approved Icon building is the third structure to be developed by The Mount Vernon Company at the site. As reported by Boston.com, the two parcels totaling half an acre were acquired by The Mount Vernon Company back in July 2012 for $2.5 million. The 93,260-square-foot building will be a mid-rise—it will stand five stories high—and will replace a warehouse facility and an auto repair shop at 75 Brainerd and 10 Redford.
With a completion date set for August 2014 and seeking LEED Platinum certification, The Icon will provide 104 highly efficient European design rental apartments, 14 of which will be designated as affordable housing units, as well as 108 underground parking spaces.
The Mount Vernon Company has already completed the Green District’s first residential building, a $23 million project called The Element. The Edge, which is the second residential structure in this new section of Allston, will begin accepting applications this summer.
Rendering of The Icon via http://mvernon.com
Tags: affordable housing, Development, Green, leasing, LEED Platinum, luxury, multi-family, The Gateway