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Linc
In partnership with LM Asset Management, Arx Urban and Boylston Properties are currently developing a 130,000 square foot, 279-bedroom residential co-living development at 525 Lincoln Street in Allston. The project is comprised of purpose-built high-density shared suites and studios where individuals rent their own private bedroom and bathroom and share common areas, kitchens, living rooms, and other amenity spaces with their suitemates.
Arx Urban began the entitlement process in 2018, conducting 25+ meetings with neighborhood associations, abutters and community leaders. The project is one of the first co-living projects in Boston and will create a new type of naturally occurring workforce housing.
STRATEGY:
Development
ROLE:
Sponsor
LOCATION:
Allston, MA
ACQUISITION YEAR:
2019
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