Boston – Colliers International announced that it has brought to market Trac 75, an 80-unit luxury apartment community in Boston’s expanding Boston Landing neighborhood.
Trac 75, located at 75 Braintree Street in Allston, has been well-received during lease-up, averaging 22 units per month before its official opening in August 2017. The property is 100% leased.
Trac 75 offers new construction and hosts a desirable mix of studio, one, and two-bedroom units in the heart of Boston’s Allston neighborhood. Ideally located 0.2 miles from the new Boston Landing development, Trac 75 benefits from a Walk Score of 91/100 and 15-minute commuter rail access to Boston’s Downtown.
Trac 75 is surrounded by local amenities including Stop & Shop and various Allston’s vibrant restaurant scene, and offers convenient access to I-90/Mass Pike, Storrow Drive, and Cambridge. The project itself features a wide range of amenities, including common roof deck with city views, enclosed vehicle and bike parking, a dog spa, and an on-site fitness center. Apartments feature in-unit washer/dryers, ample closets, and designer kitchens. Select units have private roof decks.
The Allston/Brighton multi-family market continues to show increased growth. Driven by proximity to employment and offering a discount to downtown A+ product, rentals in comparable apartment properties are achieving over $4.75/SF while condominium trades at new developments are exceeding $1 million, or $1,000/SF.
“Trac 75 benefits from an unbeatable location fueled by a brand-new commuter rail station at Boston Landing,” senior vice president and team leader Christopher Sower noted. “With increased demand due to major developments such as Boston Landing and Harvard University’s expansion, Trac 75 is poised to benefit from the continued growth in this booming housing market.”