East Boston – A new 170-unit multifamily development is set to rise in East Boston’s Day Square neighborhood, following a joint venture deal brokered by Boston City Group, Inc.
The project, known as 355 Bennington, will be built at 355 Bennington and 419 Bremen Streets, marking a significant transit-oriented development (TOD) near the Wood Island MBTA Blue Line Station.
The partnership, finalized between 413-419 Bremen Street LLC and Redgate Real Estate Advisors, secured construction financing on March 13, 2025, paving the way for the fully permitted project to move forward.
Transit-Oriented Development with Mixed-Use Features
Spanning 1.17 acres, 355 Bennington will include a six-story, 162,296-square-foot residential building, featuring 170 rental units, 14% of which will be designated as affordable housing. The development will also include:
6,985 square feet of ground-floor retail space
81 structured vehicle parking spaces
170 resident bicycle storage spaces
34 short-term bicycle racks for visitors
5,800 square feet of publicly accessible private open space
Situated just a quarter-mile west of the Wood Island MBTA Station and adjacent to the East Boston Greenway, the project aims to enhance pedestrian accessibility and streetscape improvements while contributing to East Boston’s growing housing market.
Redgate Real Estate Advisors, known for developing over 3,000 residential units in Greater Boston over the past decade, led the permitting process in collaboration with the Boston Planning & Development Agency (BPDA) and other stakeholders.
Boston City Group, Inc.’s Caroline Ligotti, Linda Redeker, and Emily McGranaghan, all affiliated with Coldwell Banker Commercial, played a key role in brokering the deal. The firm specializes in multifamily investments, development sites, and commercial assets across Greater Boston, New England, New York, and Washington, D.C.
