Somerville Apartments

Luxury Alloy Residences Selling Quick in Assembly Row

Alloy Residences

The Alloy Residences are currently the only condos in Assembly Row and they are becoming increasingly popular.

The development will not be ready to move in until next year, but more than 45% have already been spoken for throughout pre-sales.

Alloy is boasting beautiful, luxury residences, some at over $1,000 per square foot, but there are more affordable units as well.

Situated above a hotel, the luxury amenities include discounted access to hotel services, a pool oasis, fitness center and special offers to Assembly Row restaurants and shopping.

Alloy Residences Assembly Row

Residents can also enjoy a clubroom complete with lounge, an entertaining kitchen, study and conference rooms and a beautiful, spacious roof terrace that overlooks the neighborhood.

There is a concierge, convenient bike storage, underground parking and a location just steps away from the Assembly T Station on the Orange Line.

The luxury finishes throughout the apartments include hardwood flooring, private balconies, high-end finishes, glass showers and floor-to-ceiling windows in the penthouses.

The full 13-floor development will include ground floor retail and a 159 room Autograph Collection Marriott Hotel on floors two through five.

Contact our advisors today for more information.

Doorbell App Brings Residents Together This September

Doorbell Blog

Doorbell is a new app developed by Harvard students hoping to connect building residents with one another and coming to Boston this September.

This multifaceted property management app focuses on creating quality co-living experiences with building residents, according to Bostinno.

The platform has already been tested in New York City and given developers a good idea of what residents really want before they launch in Boston this fall.

Doorbell allows residents in a building the opportunity to communicate, share goods and services, coordinate building events and other interactions. The inspiration comes from co-living environments and attempts to replicate the opportunities that stem from communal areas in buildings that may not have the same amenities.

Local stores and restaurants will also have the opportunity to become involved, by offering nearby residents special discounts and perks.

As for property managers who make use of the app, they will have functionalities such as ways to handle maintenance requests and rent collection.

Doorbell is first planning to launch in Cambridge and Somerville this fall, in Holden Green, Peabody Terrace and 45 Concord Ave. While Holden Green is a large development with 483 units, 45 Concord only has about 50 units.

In the future the app plans to expand to Fenway, particularly some of the new construction projects, where it would benefit from starting fresh with a new development and new residents coming in at the same time.

Changes Are Happening in Cambridge: New Buildings, New Businesses, New Cost of Living

Zinc

 

Change change change. The face of Cambridge, Massachusetts is changing. From restaurants to residences, Cambridge’s bustling cityscape, home to Boston’s top universities and tech companies, looks very different than even from a few years ago.

Restaurants aren’t the only things changing this cityscape. Cambridge is a haven for education and biotech sector, home to universities such as Harvard University and Massachusetts Institute of Technology and companies such as Novartis and Biogen. The Boston Business Journal cited Cambridge’s inability to keep pace this burgeoning biotech market and its limited availability of office space.

While office space is scarce, luxury developments are filling in East Cambridge. Twenty|20 and The Zinc are prime examples. And this is only the beginning. Curbed.com noted 5 large upcoming Cambridge development projects primarily in the Harvard Square and Kendall Square areas, including a proposed revamp of the Forbes Plaza in Harvard’s central student union. Walking down Cambridge Street in East Cambridge you’ll find new restaurants, such as Loyal Nine, boasting an extensive wine list and East Coast Revival cuisine. Further down Kendall Square you’ll come across the new location of local bar Hops and Scotch featuring craft beer and whiskey.

With new construction, luxury homes, and businesses popping up, so is the price of rent. Boston.com noted “Harvard Square’s rents increased 16.8 percent and those in MIT/Kendall increased 16.2 percent from December 2014 to December 2015,” bringing average rent prices to rival that of downtown Boston. Head of strategic marketing at Zumper, Devin O’Brien, said, “If an area has a new luxury construction, that can bump up the total average of the area as a whole.” In 2015, Boston.com noted that some of the hottest neighborhoods (re: Cambridge) were pushing prices above asking price as low inventory was leading to big bidding wars. This is great news for real estate.

As new developments continue to pop up and new businesses move in, one thing is for certain, Cambridge will continue to change. What will this look like 5 years from now for Cambridge residents and workers?

Search listings in Cambridge with Advisors Living here.

Assembly Row in Somerville set to Expand

Located just 2 miles Northwest of Boston, Somerville presents a unique opportunity for anyone looking to live right outside the city.  The massive Assembly Row project has really put Somerville on the map in recent years.  It is home to apartments, office space, retail, restaurants and recreational areas.  When it is all said and done, the project has the total potential for nearly 2 million square feet of office space, a hotel, the first T station added to the MBTA system in over 20 years (Assembly Station on the orange line), up to 2,100 residential units, almost 10 football fields of shopping and a six-acre riverfront park.  Last week, Federal Realty Investment Trust announced as part of their Quarterly Report that they will be moving forward with Phase II of the project.  According to Curbed this next phase will include, 447 luxury apartments, 117 luxury condos, a 155-room boutique hotel, 167,000 square feet of retail space, and a 700,000-square-foot office building that Partners Healthcare is constructing.

The existing phase of Assembly Row already includes nearly 40 retailers from outlets to big box, over 10 restaurants & eateries, a movie theatre, numerous offices and the Avalon at Assembly Row Apartments.  There are almost 200 apartments there and range from Studios to 3 Bedrooms.  They currently only have availability in 1 or 2 Bedroom apartments and they range from $2,700 to $4,100 per month depending on the plan and location.  These 200 apartments are just a small piece of the over 2,000 proposed residential units.  Somerville is already the most densely populated city in New England and 15th most densely populated in the entire U.S. as of the 2010 census.  With the continued expansion and buildup of more residences, the small 4 square mile city will only become more dense.  But with the easy access to the T and 93, the convenience and value still rains supreme.

Below is a quick video with detail on Avalon at Assembly Row…