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East Boston’s Eddy readies for its big waterfront opening

Two-building complex will add 258 apartments, water taxi landing, and greenspace

The latest new development on the East Boston waterfront is the 258-unit, two-building Eddy apartment complex at 10 New Street. It is slated to open next month.

Studios start at $1,825 a month; 1-BRs at $2,300; and 2-BRs at $3,200.

The nearly four-acre project has been years in the making. Plans at the end of 2013 called for redeveloping the site, which included an old industrial building, into a complex with 163 apartments, dozens of hotel rooms, and a water-taxi landing. Those fell through, and, in 2014, developer Gerding Edlen stepped in.

Best-known in the Boston area for Fort Point’s 315 on A and Factory 63, the Portland, Ore.-based developer set about crafting a kind of holistic development complete with plenty of greenspace, a trendy restaurant, Harborwalk (and Lo Presti Park) access, a dog-washing station, art, bike storage, car-sharing, and a water taxi landing. Plus, in true transit-oriented fashion, the Eddy is close to the Blue Line’s Maverick stop.

The project is undoubtedly aimed at would-be tenants who work in downtown Boston and want waterfront living at relatively inexpensive prices (inexpensive for now—Eastie’s changing).

The city signed off on the plans in September 2014, and the groundbreaking was in December of that year.