News: Owners Developers & Managers

AvalonBay Communities brings first 398-unit AVA to Theater District

AvalonBay Communities, announced its newest and "hippest" apartment community, AVA Theater District. Catering to the Gen Y 24/7 lifestyle, AVA Theater District is AvalonBay's first new construction in the city for the AVA brand designed to attract the young, urban, social lifestyles of today's workforce. The project will bring new, much needed housing to the area, revitalize Stuart St. and breathe life into the burgeoning Theater District. The AVA project will also create 600 new construction jobs and approximately 20 new permanent jobs. The $175 million development will transform an underutilized site by replacing an open-air parking lot located at 45 Stuart St. AVA Theater District will tie together the Downtown, Chinatown and Theater District neighborhoods, bringing residents to the crossroads of one of Boston's most culturally rich areas. Designed by CBT Architects, AVA Theater District will be an impressive addition to the city's skyline with an articulated 28 and 30-story tower totaling 500,000 s/f. The 398 residential units will consist of studios, one and two bedroom apartment homes, 40 on-site affordable units and a five story, 198 space parking garage. A five-story glass curtain will align with the façade of neighboring establishments on Stuart St. and provide a unique pedestrian walkway connecting Stuart and LaGrange Sts. Pedestrian signage and lighting will complement the Theater District's vibrant character and act as a striking addition to the streetscape. AVA Theater District will draw on the vitality of the arts and entertainment neighborhood while fostering connection and collaboration for tenants in common areas with informal, social lounge settings in the lobby. Secure bicycle parking, a bike repair room, electric car are all part of the friendly array of amenities that also include a state of the art fitness center, on-site valet parking, and a unique indoor/outdoor sky pavilion providing sweeping views of downtown and the Boston Common. The building's proximity to public transportation, an array of diverse restaurants and cultural destinations reflect the principles of smart growth development and create a dynamic new place to live within the City. AVA Theater District is expected to be completed in 2015. AvalonBay also plans to open additional AVA communities in the area, including a new construction in Somerville at Assembly Row and the redevelopment of an existing AvalonBay apartment tower at the Prudential Center in Boston. Michael Roberts, AvalonBay's vice president for development, said, "Our AVA brand is the perfect fit to create a vibrant, 24/7 community and help to revitalize the area. We are thrilled to unveil AVA Theater District in Boston." Boston mayor Thomas Menino said, "AVA Theater District will create nearly 400 new residences that cater to our city's young, dynamic workforce. The transformation of this location will bring added vitality to the intersection of some our city's most exciting neighborhoods."
MORE FROM Owners Developers & Managers

Elm Grove Companies breaks ground on $20 million - The Rapids On Cocheco

Rochester, NH Real estate development firm, Elm Grove Companies, has started construction of The Rapids On Cocheco, an approved 52-unit workforce housing community at 29 Wadleigh Rd. This will be the company’s ninth venture in the affordable housing arena with other affordable properties in the state totaling 430 apartments
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
IREM President’s Message: Fostering community connections during the holiday season

IREM President’s Message: Fostering community connections during the holiday season

The holidays are again taking center stage, and with them comes an opportunity for multifamily communities to connect with the businesses and organizations in their cities and towns, fostering a sense of unity and generosity during this giving season
Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

For decades, New England has had a summer-peaking power system, where the greatest energy use occurs on the hottest and most humid days, due to widespread use of air conditioning. But by the mid-2030s, electrification of the heating sector likely will result in a winter peak that’s higher than the summer peak.
Selecting the right façade installation firm - by Steven Powell

Selecting the right façade installation firm - by Steven Powell

As the owner of a major new property being developed, or an existing large building preparing for major renovation, you want your design and construction team to have the right experience, capabilities, and expertise to match the project demands. A critical member of this team will be the façade installation specialty firm, since the quality of this installation will impact