449 Cambridge St

449 Cambridge St Allston, MA 02134
449 Updated Renderings Page 7
449 Updated Renderings Page 7

Positioned at the intersection of urban vibrancy and institutional innovation, 449 Cambridge Street and Emery Road represent a strategic infill opportunity in Allston, Boston. Developed by Anchor Line Partners, this two-building, 166-unit residential project is designed to integrate seamlessly with the dynamic Allston neighborhood, offering proximity to premier transit options and significant academic institutions.

Project Overview

  • Total Site Area: 32,837 sq ft (0.75 acres)

    • 449 Cambridge Street: 23,364 sq ft

    • Emery Road: 9,473 sq ft

Building Specifications

  • 449 Cambridge Street:

    • Seven stories

    • Approximately 131,000 sq ft GFA

    • 127 residential units

    • 2,400 sq ft of ground-floor retail/restaurant space

    • 80 accessory parking spaces

  • Emery Road:

    • Seven stories

    • Approximately 33,000 sq ft GFA

    • 39 residential units

    • No on-site parking

Residential Unit Mix

  • 88 studios (53%)

  • 54 one-bedrooms (33%)

  • 18 two-bedrooms (11%)

  • 5 townhomes (3%)

  • 28 affordable units included

Amenities

  • 80 garage parking spaces

  • 166 bicycle storage spaces

Developer Profile: Anchor Line Partners

Anchor Line Partners is a Boston-based investment firm specializing in value-add commercial real estate assets throughout Greater Boston. With $1.25 billion of assets under management, the firm focuses on acquiring quality, well-located assets, enhancing their value, and delivering strong returns for investors. 

A Bit More About The Leadership Team: 

  • Andrew Maher, Co-Founder and Managing Partner: Brings extensive experience in leasing and asset management, having overseen significant portfolios in Greater Boston.

  • Brian Chaisson, Co-Founder and Managing Partner: Has a robust background in acquisitions and regional operations, contributing to the firm's strategic growth. 

Nearby Local Gems

  • Boston Landing: A mixed-use development featuring retail, office, and recreational facilities, including the New Balance headquarters and Warrior Ice Arena.

  • Harvard Science and Engineering Complex: A state-of-the-art facility housing various engineering and applied sciences programs, contributing to the area's academic vitality.

  • Allston Yards: A transformative project redeveloping a 10.6-acre site into a mixed-use, transit-oriented neighborhood with residential, office, and retail spaces. 

Market Insight

According to the latest market insights, the multifamily market in the Northeast, including Boston, has experienced adjustments in property prices, reflecting broader economic trends. However, demand remains strong, particularly in transit-accessible and amenity-rich neighborhoods like Allston, indicating resilience and potential for long-term growth.

Stay Informed

Stay informed about the latest developments and opportunities related to 449 Cambridge Street and Emery Road. If you are involved in this project and wish to contribute further details, please reach out to us to enrich the narrative of this significant development.

Project Details

Developer

Anchor Line Partners

Type

Multifamily

Unit Count

166

Financing

Not Specified

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