Aimco Opens $195M Apartment Community in Boston
- Jul 19, 2016
Boston—Apartment Investment and Management Company has opened the $195 million One Canal Apartment Homes, a 12-story, 310-unit apartment community developed by Trinity Financial Inc. in Boston’s Bulfinch Triangle neighborhood.
“This development was the culmination of many years of thoughtful community input by neighborhood residents, businesses and the visionaries at the State and City who had the foresight to prepare the Bulfinch Parcels for development,” Abby Goldenfarb, Trinity’s vice president of development, said. “Trinity is honored to have had the chance to be a part of such a transformative development and conclude another successful public private partnership with MDOT, the MBTA and the City of Boston.”
Located at 1 Canal St., the property offers studios to three-bedroom homes plus 44 luxury penthouses on the building’s top two floors. Amenities include a 2,000-square-foot fitness center and an expansive rooftop social deck with a heated pool, fire pit lounge, outdoor theater and 360-degree panoramic views of the City.
The property is within walking distance of the Charles River, Boston Public Market, TD Garden and the historic North End.
“The grand opening of One Canal represents a collaborative effort among Aimco and our partners from the public sector, business and labor communities to make this exceptional area of Boston accessible to hundreds of residents who choose to call the Bulfinch Triangle their home,” John Bezzant, Aimco’s chief investment officer, said. “Its location also has an important link to the history of Boston and the Middlesex Canal, which once bisected the site.”
One Canal also boasts 21,000 square feet of retail space that will house Boston’s location for City Winery, a high end culinary and cultural destination which will offer concerts, food and wine classes, fine dining and a trademark selection of wines available to residents and visitors.
Aimco now owns and manages 4,700 apartment homes in the Greater Boston market.