News: Owners Developers & Managers

Certa/Ruddy holds topping off of resident community 303 Third St.

303 Third St., designed by Cetra/Ruddy, recently held it's topping out ceremony. The first residential community in Boston proper to be marketed in conjunction with The University Residential Community at MIT (URC), this eight-story, 605,000 s/f project being developed by Extell Development and Equity Residential will create a unique new residential community when it opens this winter. The project consists of 292 rental apartments and 167 co-ops, all designed around a lush, landscaped courtyard reminiscent of the great university quads at Harvard and MIT. In a unique development and marketing strategy, the apartments are being marketed exclusively to members of the URC. URC is comprised of faculty, staff and alumni of MIT, Harvard and Mass. General Hospital. URC had been looking for a residential development to sponsor for their members for over four years. It was important that the site be physically close to the institutions and embrace the aspects of how their members might wish to live in their next homes. These individuals want to settle near college campuses to continue studying, teaching and enjoying the academic, artistic and intellectual activity available to them in this community. URC members will have priority of choice for the co-ops. The co-op portion of 303 Third St. was originally designed for young, urban sophisticates. The project, as designed however, already reflected many of the components that the URC was looking for in a new residential community: light and airy apartments, sophisticated finishes, and a setting around a landscaped courtyard in close proximity to the university campuses. Some of the amenity spaces were also adjusted to suit the active adult, including the addition of a club/library that will function as an extension of the apartment for quiet reading or socializing. Flexible meeting spaces have been added to host guest lectures, community activities and business meetings. The project will also have a private dining club that will be reminiscent of the great faculty clubs that many of the residents will have enjoyed on campus. All of the spaces are being developed with a warm and welcoming style. The courtyard and outdoor terrace spaces are adjacent to the fitness and club rooms, giving the spaces an indoor-outdoor flow. The spa and fitness club will cater to the active adult, including an indoor pool where aqua therapy classes may be held. An on-site medical office has also been added for convenient wellness care for residents. There is also an underground parking garage designed below the one-acre landscaped park.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary