Redgate Real Estate Advisors is advancing 355 Bennington, a six-story, mixed-use development located at 355 Bennington and 419 Bremen Streets in East Boston's Day Square neighborhood. This project will feature 170 rental units, including 24 affordable units (14% of the total), nearly 7,000 square feet of ground-floor retail space, and 5,800 square feet of publicly accessible open space. The development is strategically positioned just a quarter-mile from the Wood Island MBTA station and adjacent to the East Boston Greenway, enhancing its appeal as a transit-oriented project. Additional amenities include 81 structured parking spaces and extensive bicycle accommodations, all designed to improve pedestrian access and elevate the area's walkability.
Address: 355 Bennington & 419 Bremen Streets, East Boston, MA
Developer:Redgate Real Estate Advisors
Project Type: Mixed-use multifamily with retail
Total Units: 170 (14% affordable)
Retail Space: 6,985 SF
Open Space: 5,800 SF publicly accessible
Parking: 81 structured spaces
Status: Predevelopment (Construction financing secured March 2025)
Estimated Delivery: TBD
As of Q4 2024, the Greater Boston multifamily market remains robust, with rent growth outperforming many other markets and investment sales activity rebounding. Occupancy rates are among the highest in the country, with a vacancy rate of 5.9%, just 10 basis points above the historical 10-year average of 5.8% . The stabilized vacancy rate stands at 4.7%, indicating strong demand for rental units. However, the luxury segment has seen increased vacancies, rising to 8.3%, due to a surge in new Class A units entering the market.
Redgate is a Boston-based real estate firm specializing in strategic advisory, owner’s representation, and investment. With a team of over 55 professionals, Redgate operates on a mission to enrich lives and communities by unlocking the power of real estate. The firm has a successful track record spanning over 25 years, bringing broad experience and a stellar reputation to each investment.
355 Bennington represents a significant investment in East Boston's urban development, aligning with the city's goals for transit-oriented, mixed-use projects that enhance community engagement and accessibility. With its strategic location, thoughtful design, and commitment to affordability, this development is poised to contribute positively to the neighborhood's growth and vibrancy.
Subscribe for more updates and reach out to us if this is your development to contribute to the story of your property.
Is this your project?
Discover why boutique multifamily buildings outperform their larger competitors by focusing on curated experiences, intentional design, and emotionally resonant branding.
Discover how data-driven branding strategies can accelerate leasing, boost NOI, and turn your multifamily property's identity into a measurable performance asset.
Your brand’s reputation is built—or broken—at the leasing desk. Are you ready to unify leasing and marketing to protect it?
Remember when we all DIY dip-dyed our hair in Kool-aide and learned just because you can do it yourself doesn't mean you should? This week we're digging into the hidden costs of DIY'd branding.
A simple read in under 5 minutes, delivered to your inbox Saturday mornings.
A simple read in under 5 minutes, delivered to your inbox Saturday mornings.