Boston — A joint venture between Cabot, Cabot and Forbes, Peak Campus and Blue Vista Capital Management has broken ground on a 555-unit apartment community located in Boston’s Brighton neighborhood.
The property will target young professionals, graduate students and employees of the surrounding medical, educational and research communities. Brighton is home to Saint John’s Seminary and portions of Boston College, with Boston University also located nearby.
The community will offer studio-, one-, two- and three-bedroom units. St. Gabriel’s Church and Monastery, which sits at the center of the site, will be repurposed into a 22,000-square-foot, state-of-the-art amenity space and 27 apartment units. The development will deliver its first phase of residential units and amenities in fall 2019, with its final phase to open in fall 2020.
“This is an exciting project that seeks to fill an enormous gap in the Boston housing market while also preserving a legacy of buildings and parks that date back to the early 1900s,” says Jay Doherty, CEO of Cabot, Cabot, and Forbes. “The project has benefited enormously from the support and encouragement of Mayor Walsh, the neighborhood and many City of Boston Agencies. It has been a terrific experience for us to work in partnership with Peak Campus and Blue Vista Capital Management.”