Quarterra Group, a subsidiary of Lennar Corporation and a real estate investment and development firm, has launched leasing at Harper, a mid-rise community at 40 Rugg Rd. in Boston’s Allston neighborhood. The management of Harper falls under the recent merger agreement between Quarterra Living, the property management division of Quarterra Group, and RKW Residential, the property management arm for Alfred.
Harper adds 265 apartment homes to Allston, which has emerged as Boston’s hub for public art displays, music venues and a restaurant and nightlife scene that has become popular with young professionals, according to Quarterra. The neighborhood also continues to attract a large student demographic, due to its location at the center of Boston’s leading universities: Harvard, Massachusetts Institute of Technology, Boston College, Tufts and Boston University.
“Allston is Boston’s artistic and intellectual epicenter, with world-renowned academic institutions and well-established visual and performing arts centers,” said Dan Lee, managing director of Quarterra Group’s Northeast division. “Harper puts residents at the heart of these stimulating and inspiring cultural opportunities.”
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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