Addison

Multifamily

Property Website

Photo credit: Flaunt Photography

Investment Strategy:
Ground-Up Multifamily
Square Footage:
271,481
Units:
230
Equity Partner:
ELV Associates | North River Leerink (Co-General Partner)
Debt Partner:
M&T Bank (Construction Loan); CrossHarbor Capital Partners (Refinancing)

Addison is a ground-up multifamily development located on a 3.3-acre transit-oriented site in East Boston Orient Heights neighborhood. Situated between two MBTA Blue Line stations, the property offers residents convenient access to Downtown Boston in just seven minutes while providing a high-quality residential experience in one of the region’s strongest housing markets.

Executed through a joint venture with the land partner and ELV Associates, this off-market investment leveraged deep local market knowledge, residential experience, and regulatory and development expertise to manage risk and maximize value. Redgate leads all aspects of the project’s design, delivery, and asset management.

Status:

Operational and Stabilized