449 Cambridge St

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. 

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