Construction Launches on Northeastern U.’s 23-Story Boston Dorm

Construction Launches on Northeastern U.’s 23-Story Boston Dorm
News| August 28, 2025| Paul Bubny
Boston & New England + Student Housing

Early-stage site work has gotten underway on a new 23-story tower in Boston for Northeastern University, reported the Boston Business Journal. A mixed-use property that will accommodate 800 student beds along with academic space and community space, the building at 840 Columbus Ave. will replace 500 beds in Fenway. 

In early August, developer ACC began remediation and is concurrently obtaining final permits for vertical construction. The university expects the paperwork to be completed in the next few weeks. 

The project’s expected completion date is 2028. The Business Journal reported that it will help fulfill Northeastern’s longstanding commitment to the City of Boston to deliver 1,000 net new student beds, promised in the university’s 2013 Institutional Master Plan.  

BLDUP reported that the new beds will address student housing preferences and enable Northeastern to return some of the student housing properties embedded in Fenway to the open market. 

Other News

40-Unit Apartment Building in Seattle’s University District Trades for $6M

Seattle & Northwest + Apartment Buildings

Ponderay Apartments, a 40-unit multifamily property located at 5625 15th Ave NE in Seattle’s University District, sold for $6.26 million, equating to $156,625 per unit. Built in 1963, the property totals 21,540 square feet and consists of 22 one-bedroom units and 18 studio apartments. The studios average 478 square feet, while the one-bedroom units average...

Learn more

TruAmerica Pays $120M for Perimeter Center Rental Community

Atlanta & Southeast + Apartment Buildings

TruAmerica Multifamily acquired Bricks at Perimeter Center for $120 million. Clark Ventures was the seller of the 446-unit, garden-style apartment community in Atlanta’s Perimeter Center submarket. Clark paid $69.5 million for the property in 2016. TruAmerica will revamp nearly all of the rooms in the complex, which was built in 2007. The company plans to incorporate...

Learn more

BTI, Bridge Score $109M for Hollywood’s Bread Building

Florida & Gulf Coast + Apartment Buildings

BTI Partners and Bridge Investment Group closed on $109 million in financing for the Bread Building, a multifamily property located in downtown Hollywood, Florida. Cushman & Wakefield arranged, and Greystone provided the Freddie Mac loan for the transaction on behalf of borrowers, BTI Partners and Bridge Investment Group. Cushman & Wakefield’s Equity, Debt & Structured Finance...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up