Gables Residential Begins Development of 307-Unit Seaport District High-End Apartment Homes

Gables Residential Begins Development of 307-Unit Seaport District High-End Apartment Homes

BOSTON, MA - Gables Seaport, located in the Seaport District, will be a new transit oriented 23-story apartment building offering 307 distinct apartment homes and 1,370 square feet of retail in one of the most vibrant submarkets of Boston. Gables Residential will develop the community in conjunction with the Drew Company and Suffolk Construction as the General Contractor. Gables Seaport is located at 501 Congress Street and holds along-term ground lease with Massport. 

Located in the South Boston Waterfront, a walkable urban neighborhood within a dynamic Live-Work-Play environment, the community is just steps away from public transportation and unique dining and entertainment offerings. The area is home to major employers like pharmaceutical companies, Vertex and Intarcia, as well as financial giants State Street, John Hancock and PWC. In addition, the Boston Consulting Group, Red Hat, GE headquarters and Amazon are also present. The community is immediately adjacent to the entrance to the MBTA Silver Line with direct access to Downtown Boston and Logan International Airport as well as entrance ramps to Interstates 90 (Mass Turnpike) and 93. 

“This is an exciting opportunity for Gables in the Boston market to showcase the high level of quality product that Gables is known for while partnering with the Drew Company, one of the most respected developers in the city and a pioneer in the development of the South Boston Waterfront,” stated Joseph Shea, Development Director for Gables Residential.

The 307 apartment homes will range in size from 469 square foot studios to 1,289 square foot two bedroom homes. Gables Seaport has also committed to having 15 affordable on-site units and has made a $5,700,000 contribution for off-site affordable housing.

Sue Ansel, Chief Executive Officer for Gables Residential shares, “Gables continues to focus on growth in and around the Boston market, and we are very excited to be a part of the Seaport District. We believe this community will afford us the opportunity, in conjunction with our partners, to showcase a product that will be a strong addition to the multifamily marketplace.”

Design features will showcase “best in class” finishes such as stainless steel appliances, quartz countertops, under mount sinks, tile backsplashes, under cabinet lighting and LVT flooring in the kitchens and living rooms to name a few. Community amenities will include a state-of-the-art fitness center, business center, club room, game room, barbecue grills and a terrace level with a pool.

In addition, Gables Seaport plans to achieve LEED Silver certification and will incorporate a number of green building and efficiency features. Being LEED Silver certified continues to establish Gables’ reputation as an environmentally conscious developer in the Greater Boston market as well as across the country.

Source: Gables Residential / #Apartments #Multifamily

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