Greystar has begun to welcome residents to Juniper, its fifth apartment community in a formerly industrial neighborhood that the company is redeveloping north of Boston in Everett, MA. The 416-unit property at 201 Mill Road marks the final community delivered as part of Greystar’s $880 million transformation of Everett’s Commercial Triangle Economic Development District, creating a connected neighborhood featuring 1,905 new apartment homes, 6,500 square feet of retail space, and community green space and parks.
The new property features apartments ranging from one to three bedrooms and more than 15,000 square feet of amenity space, including a gym and community pet spa. Juniper’s offerings also include a pickleball court, bocce court, nine-hole mini golf course, and dog park. Greystar, the largest apartment operator in the U.S., broke ground on the property in the summer of 2024 and topped off construction in December of last year.
Image courtesy of Greystar.
Even as September marked the 38th consecutive month of annual declines nationwide in apartment rents, two market cohorts are seeing rent gains, Realtor.com reported. The AI boom is spiking demand in the Bay Area, while affordably priced metro areas are reversing their annual declines. The strongest rent growth is in the Bay Area, where the...
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STRE Management and Lloyd Jones obtained a $50.8 million refinancing for The Vibe, a 194-unit luxury multifamily community located in Miami’s Little Havana neighborhood. JLL’s Capital Markets Debt Advisory team representing the borrower was led by Jesse Wright, Joshua Odessky and Luke Maganas. The group secured a five-year, fixed-rate CMBS loan. The project benefits from...
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City and state officials joined Gilbane, Strada Development LLC and the Center for Urban Community Services (CUCS) to break ground on 1920 Turnbull, a $175-million affordable and supportive housing development located at 1920 Turnbull Ave. in the Castle Hill/Soundview neighborhood of the Bronx. 1920 Turnbull will deliver a 22-story building with 228 affordable rental apartments,...
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