250 Everett Street | Allston

[Equilibria]

250 everett st pnf:

View attachment 46637
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https://bpda.app.box.com/s/1obauxxzn47gfgjr0onr9aq7ly174p71

This one seems big enough for its own thread.

 

[BACsop]

Very happy to see plans for this parcel--Lower Allston still has so much space for new development, and it'll be great to see it develop a more urban feel in the next decade!

 

[stick n move]

Mill Creek Gets Green Light for 200+ Units in Brighton​

“Mill Creek has won approval for a 240-unit residential project that will replace a parking lot and office at 250 Everett Street in Brighton. The Passive House project will include a mix of studios, one & two-bedrooms with 41 affordable units. Plans also call for improved landscaping and new publicly accessible open spaces.”

https://www.bldup.com/posts/mill-creek-gets-green-light-for-200-units-in-brighton

 

[stick n move]

Mill Creek Secures $95M Construction Loan for Allston Multifamily Project​

“Mill Creek has acquired 250 Everett Street in Allston for $19.49 million and closed on $94.98 million in construction financing through Santander Bank to support a major new residential development. The firm plans to demolish the existing building and construct a six-story multifamily rental property totaling approximately 250,000 square feet, with roughly 235 residential units……”

Mill Creek Secures $95M Construction Loan for Allston Multifamily Project

Mill Creek Secures $95M Construction Loan for Allston Multifamily Project

www.bldup.com

 

[Wiltonion]

Mill Creek Secures $95M Construction Loan for Allston Multifamily Project​

“Mill Creek has acquired 250 Everett Street in Allston for $19.49 million and closed on $94.98 million in construction financing through Santander Bank to support a major new residential development. The firm plans to demolish the existing building and construct a six-story multifamily rental property totaling approximately 250,000 square feet, with roughly 235 residential units……”

Mill Creek Secures $95M Construction Loan for Allston Multifamily Project

Mill Creek Secures $95M Construction Loan for Allston Multifamily Project

www.bldup.com

Are we up to $487k per unit for a 5 over 1? Scary.

 

[sean99090900]

Are we up to $487k per unit for a 5 over 1? Scary.

how much of that cost is the 120 car underground garage lol, even then still sounds expensive.

 

[stick n move]

-Bldup says this is now under construction. This is a big project, 240 units and going to fill in a really underutilized stretch.

Mill Creek Residential and Kayne Anderson Real Estate Commence Development of Modera Allston, a 240-Unit Class A Multifamily Community in Boston

Mill Creek Residential and Kayne Anderson Real Estate Commence Development of Modera Allston, a 240-Unit Class A Multifamily Community in Boston

www.bldup.com

 

[RandomWalk]

I read that headline as “Kanye” Anderson Real Estate, and I was very confused for a moment.

 

[stick n move]

Groundbreaking has been held

Mill Creek Announces Groundbreaking of Modera Allston

Mill Creek Announces Groundbreaking of Modera Allston

www.bldup.com

 

[Jeremi]

That composite wood panel will look awful the moment it's built and it will only get worse from there.

 

[Charlie_mta]

That composite wood panel will look awful the moment it's built and it will only get worse from there.

Looks paintable at least, if necessary..