BOSTON– Greystar announced the acquisition of 85 Boston Street in Everett, Mass. The 5.9-acre site is slated for a 650-unit multifamily development and will begin construction this summer.
Greystar’s development includes two 6-story buildings and 33 affordable on-site homes. The site was owned and operated by Wood Waste of Boston as a construction debris processing and recycling facility.
85 Boston Street is first of two Greystar projects in Everett, signifying a long-term commitment to the city.
Greystar is a fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally.
Headquartered in Charleston, South Carolina, Greystar manages and operates over an estimated $220 billion of real estate in nearly 200 markets globally including offices throughout the United States, Europe, South America, and the Asia-Pacific region.
Greystar is the largest operator of apartments in the United States, managing approximately 729,000 units/ beds, and has a robust institutional investment management platform with approximately $39.8 billion of assets under management, including over $18.3 billion of assets under development.