Construction on Allston Yards, a US$2.1 million mixed-use development in Boston, Massachusetts has begun. The Stop & Shop project, with New England Development as Master Developer and Bozzuto and Southside Investment Partners as partners, will begin in November 2021 with the construction of Building A, a 165-unit residential building that will include a new, state-of-the-art flagship Stop & Shop grocery store. New England Development expects to begin construction of a commercial office/life science facility on Parcel B in the third quarter of 2022.
Further details on Building A at Allston Yards, Boston
Building A will give $1.25 million to Allston Yards’ Allston-Brighton Homeowner Fund, which was established to improve affordable homeownership options in Allston-Brighton. The Allston-Brighton Homeowner Fund is a $4 million fund established in collaboration with the Boston Home Center. Allston Yards’ unique and creative initiative, established with the cooperation of the City and State delegations, will provide a focused program to encourage and expand homeownership in this region of Boston.
The multi-phase Allston Yards project will comprise 117,000 square feet of retail space with a colorful mix of new retailers and eateries, including a new urban prototype Stop & Shop. Allston Yards has been developed as a walkable neighborhood with open space and an excellent location for merchants, restaurants, offices, and life-science tenants, fitness, and services, including apartments, 350,000 square feet of office, and lab space, and one-acre community green. The project will extend and expand the area’s street grid, adding additional links to the Boston Landing Massachusetts Bay Transportation Authority MBTA station and increasing pedestrian and cycling linkages.
New England Development, located in Boston, constructs mixed-use developments around the country that incorporate retail, residential, office, and hospitality space. Bozzuto, situated in Greenbelt, Maryland, presently manages 85,000 housing units and 3 million square feet of retail space around the country. Southside Investment Partners, located in Baltimore, is a developer and owner of mixed-use buildings throughout the Mid-Atlantic and New England areas.