When pre-leasing started at the under-construction 45 Marion Street on the Brookline side of the Coolidge Corner area, we speculated that it might be a game-changer in terms of new construction in Boston’s western neighbor. So far, so consequential: 45 Marion will not be finished until July 1, according to its developer, the Danesh Group, but the 64-unit, six-story complex is already 75 percent pre-leased.
That means a sizable number of tenants have taken the new-construction plunge into Brookline’s rental pool. Portentously enough as well, Danesh has not had to offer major incentives for this leasing pace—no rent-free months or other big discounts, unlike a lot of other newer spots. Available studios start at $2,450; 1-BRs at $2,750; and 2-BRs at $3,500.
The complex is being touted as the first new luxury construction in Coolidge Corner in a decade. Plans for construction at 45 Marion go back to at least 2003, so the fact that something is almost done there is notable enough. Its popularity makes it all the more so.
- Website: 45 Marion [Danesh Group]
- Could New 45 Marion Be a Game-Changer for Brookline? [Curbed Boston]
- Where to Rent in Greater Boston Right Now [Curbed Boston]