Boston is one of the most dynamic cities in the country, full of history, rich with culture and loads of entertainment - it’s a great place to live and everybody knows it. But it’s always been a national leader in housing costs, and the extreme lack of real estate for sale in Boston is causing both demand and prices to skyrocket. Thousands of buyers are stretching themselves thin trying to find a home that offers them the best of city living - access to good food, short commutes, convenience of public transportation and a bounty of entertainment options. Luckily, developers and city officials have begun to invest in neighborhoods surrounding the city, turning many “stopover neighborhoods” into destinations for families and professionals. Falling squarely into this category is optimally located Allston-Brighton. What was once an area populated by recent graduates with 3-digit bank accounts has become thriving neighborhood, appealing to buyers who are looking for proximity to downtown and lower cost of living. Adding to the increasing swagger of the neighborhood are the luxury apartment buildings and condos for sale in Allston-Brighton, as well as some of Boston’s hippest dining and entertainment venues. Here’s the list of new apartment buildings and luxury condos in Allston-Brighton that have recently become, or will soon be available for sale, pre-sale and pre-lease:
Penniman on the Park - Though the building will not be completed until September, pre-sale has begun for these Allston condos located steps to Union Square and the Boston Landing development. The 36 condos include top-of-the-line finishes and will have starting prices of approximately $500,000. A parking garage located underneath Penman on the Park will have 17 space with another 10 spaces in a parking lot adjacent to the building.
40 Malvern -This building offers 48 luxury apartments for rent in Allston. The residents are on a nd two-bedrooms, and building amenities include a green roof garden outdoor green space and access to the neighboring Commonwealth Sports Club. These new Allston apartments are now available for rent.
W. Ave - Scheduled to open this November, this building will offer 132 apartments for rent in Allston, as well as 5,000 square feet of ground-floor retail space. Amenities will include a rooftop common room, fitness center and outdoor deck, as well as 108 parking spaces. This building has not begun pre-leasing, but will likely do so in the next couple of months, so stay tuned!
24-26 Hichborn Street - Located next to the Boston Landing development is this upcoming 5-story mixed-use building with 20 condominiums and 1,800 square feet of ground-floor retail space. Each residence will have a private balcony and the roof of the building will be a common green deck. The building will also have a parking garage with 26 spaces.
Nova Residences - This recently completed luxury apartment building offers 85 luxury apartments for rent in Brighton. Residences include 51 studio and 19 two-bedroom apartments, all of which will feature modern cabinetry, stainless steel appliances and other state-of-the-art amenities. The building’s amenities include manicured outdoor spaces, a fitness center, on-site management and indoor common rooms.
99 Tremont Street - These 62 luxury condos in Brighton are now on sale, and include garage parking, a fitness center, a game room, a lounge and a landscaped courtyard. Residents can choose from one and two-bedroom condos. The building is located steps from Oak Square’s shops and restaurants.
Lantera - This 17-story mixed-use building with 295 apartment residences is scheduled to be completed in June, but pre-leasing for this building will begin this month, so if you’re looking for apartments to rent in Allston-Brighton, now is the time to look at this building located in Boston Landing. Residences include studios, one-bedrooms, two-bedrooms and three-bedroom apartments for rent. Amenities include a fitness center, a pet grooming room, multiple courtyards, roof decks, an active lounge with a pool table and a 20,000 square foot landscaped patio with a swimming pool and cabanas.
Because it is rapidly growing, buyers can expect to see far more new construction apartment buildings and new condos for sale in Allston-Brighton in the coming years. As popularity increases prices are sure to rise, but Allston-Brighton condos will certainly remain more affordable then condos for sale in Back Bay, The South End and Beacon Hill.