Watertown’s Newest Luxury Apartment Community Celebrates its Grand Opening


WATERTOWN, MA Elan Union Market, the newest luxury apartment community in Watertown, celebrated its grand opening with residents, guests and neighbors.

The event included entertainment by DJ Karson of Mix 104.1, tours of the community, fresh-shucked oysters, local craft beer and gourmet ice cream sandwiches.

Located at 130 Arsenal Street in Watertown, Elan Union Market offers residents easy access to shopping, popular restaurants, and recreation in the surrounding areas of Watertown, Waltham, Cambridge and Boston.

The 282-unit development includes an array of thoughtfully designed amenities including a modern clubhouse with a variety of social spaces, an entertainment kitchen, art gallery, yoga room and top-of-the-line fitness equipment. The pet-friendly community offers open green space, an outdoor courtyard with grilling stations, a swimming pool with sun deck, as well as bicycle storage and repair stations. Shared indoor and outdoor community space includes a resident lounge with billiards and a tech center with meeting rooms, a coffee bar and work spaces. The building is currently more than 75% leased.

Each apartment home features quartz-countertops, stainless steel GE™ appliances, hardwood flooring, generous storage and Nest™ thermostats.  All units – studios to 3-bedrooms – include in-unit washer/dryers, walk-in closets and chrome fixtures, many residences have private balconies.

Elan Union Market is the first multi-family community in the Boston area developed and owned by Greystar, a global leader in the investment, development and management of high-quality rental housing properties.

“We are thrilled to celebrate the grand opening of our inaugural project in the Greater Boston area,” said Gary J. Kerr, Managing Director for Greystar. “It is terrific to welcome residents and see them enjoy the amenity spaces and explore all that Watertown and Elan Union Market has to offer.”

Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manage and operates an estimated $115 billion of real estate in nearly 180 markets globally including offices throughout the United States, UK, Continental Europe, Latin America and the Asia-Pacific region.

Greystar is the largest operator of apartments in the United States, managing approximately 500,000 units/beds, and has a robust institutional investment management platform with over $33 billion of assets under management, including more than $12.1 billion of assets under developments. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business.

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