Troy Boston sure knows how to live. First it changes its name from 276 Albany to a more glamorous one that even Helen of Sparta would envy. And now the 1.27 acre site has the final crowning beam atop its roof, signaling the arrival of 378 new apartments, restaurants, shops, and other amenities in 2015. P.S. A full 38 of those units are reserved at affordable housing rates.
There are six other luxury properties in the city competing for the best party in town. Why will Troy Boston be crowned king by the market?
Let's take a look at the fundamentals.
Rents? Not cheap. Tom Grillo at the BBJ reports that studios will run at $2,300, while two-bedroom units will hover over $5,000.
Amenities? The usual. Retail and restaurant space numbers sit at 6,000 square feet, in addition to a 180-space garage, a bike room, dog walking facilities with pet washing stations, a rooftop terrace with barbecues, common space with a billiards table, a yoga room, and a fitness studio with the works.
The big win? Building out the location. It was once an area to pass through, as part of the railway and then a parking lot. Weaving the Financial District together with Chinatown on each side, an overlooked part of Boston will suddenly have a chance at becoming a destination in its own right.
Gotta wait and see.
· Developers 'top off' Troy Boston apartment project in Boston's South End [BBJ]
· New Gerding Edlen Residential Development Breaks Ground in South End [BostInno]
· Busy, Busy South End's Troy Boston Sets a Topping-Off Date [Curbed Boston]
· Meet Troy Boston, Part of the South End's Building Boomlet [Curbed Boston]
- April Gardner