Bozzuto Boston Property Debuts at Mixed-Use Development
The luxury apartment building is the first part of the Allston Yards project to come online.
Alder in Boston is the first property at the mixed-use Allston Yards project to open. Image courtesy of Bozzuto
Alder, a 165-unit luxury multifamily community that represents the first residential phase of the Allston Yards mixed-use development in Boston, has begun welcoming its first residents. The property is built over a full-sized Stop & Shop supermarket.
Bozzuto, the developer and manager of the residential property at 301 Guest St. in the Allston-Brighton area, said 30 percent of the market-rate units had been pre-leased. Allston Yards is a partnership between Bozzuto, Ahold Delhaize, New England Development and Southside Investment Partners.
The 67,000-square-foot Stop & Shop is slated to open this summer and will replace the grocer’s former location at 60 Everett St. There will be additional ground-floor retail at the building.
Alder and Stop & Shop are part of the 10.6-acre Allston Yards mixed-use development, one of the largest projects in the Allston-Brighton neighborhood. The development is expected to be constructed over eight to 10 years and is slated to have 1,000 residential units, 117,000 square feet of retail space and 420,000 square feet of office and laboratories spread across four buildings. The development will also include a one-acre community green.
Details on when the other parts of the project will be developed could not immediately be learned.
Location and amenities
Located just south of the Massachusetts Turnpike, the site is adjacent to a MBTA Commuter Rail station that serves Boston Landing, where New Balance has its headquarters, and is one stop from downtown Boston and Fenway Park.
Alder has studio, one-, two- and three-bedroom floorplans and includes 21 permanently affordable, income-restricted units. Rents for studio apartments start at $2,900 a month, with $3,502 charged for one-bedroom units, $4,900 for two-bedroom apartments and $6,667 for three-bedroom units.
The property is designed by Stantec, a firm which specializes sustainable design and engineering. The residences have open-concept floorplans with high-end appliances and finishes. Apartment finishes include woodgrain flooring, quartz countertops, tile backsplashes, stainless steel appliances, electric ranges and ovens, in-unit washers and dryers, spacious walk-in showers, smart thermostats, LED under-cabinet lighting and accent lighting.
Community amenities at the building include a full-service concierge, secure package room and bike and private storage. Additional amenities include a landscaped courtyard, fitness center and barre studio, billiards and game tables, a lounge and an outdoor deck with a firepit, as well as a library and workstations. The pet-friendly building includes a pet spa. The property has a Walk Score of 89 and BLUEbike station on site.
The neighborhood is in proximity to Harvard University, Tufts University, Boston University, Boston College and the Massachusetts Institute of Technology.
In addition to New Balance, nearby employers include Prosteostasis Therapeutics, Mass Innovation Labs, Roche Diagnostics and WGBH-TV. The Athenahealth headquarters and Longwood Medical Area are also in close proximity to the property.
