Allston, MA – Allston Yards recently held an official ribbon-cutting ceremony to mark the openings of the new, flagship Stop & Shop and the Alder residential community. Allston Yards, a project of New England Development, Stop & Shop, Bozzuto and Southside Investment Partners, is Boston’s newest mixed-use development.
Participating in the ribbon-cutting ceremony were Massachusetts State Representative Kevin Honan; Boston City Councilor Liz Breadon; James Arthur Jemison, chief of planning and director of the Boston Planning and Development Agency; Stephen R. Karp, chairman and CEO, New England Development; John E. Twohig, executive vice president, New England Development; Gordon Reid, president of Stop & Shop; Guy Stutz, vice president of Real Estate, Stop & Shop; Tom Ferreira, regional vice president of operations, Stop & Shop; Toby Bozzuto, president and chief executive officer, Bozzuto; Ben Hoskins, co-founder and president, Southside Investment Partners; Risa Meyers, senior project manager, New England Development; and Mark Jackson, project manager, New England Development.
Rendering courtesy of Jacobs
Alder is a 165-unit residential community located directly above the new 52,000sf Stop & Shop within the 10.6-acre Allston Yards. Alder is managed and developed by Bozzuto. Located at 301 Guest Street, Alder is the first building in the mixed-use Allston Yards development. The multi-phase Allston Yards project includes 117,000sf of retail with a mix of new stores and restaurants, including the new Stop & Shop. With nearly 900 residences, 350,000sf of office and lab space, and a one-acre community green, Allston Yards has been designed as a walkable community with open space and an ideal location for retailers, restaurants, office and life-science tenants, fitness, and services.
The development of Allston Yards will contribute a total of $4 million to the Allston-Brighton Homeowner Fund created by Allston Yards to increase affordable homeownership opportunities in Allston-Brighton. Since its inception, the fund, facilitated by the Boston Home Center, has distributed approximately $900,000 in downpayment assistance and helped 27 first-time homebuyers purchase homes in Allston-Brighton.
Rendering courtesy of Stantec
The project has also created an $800,000 Allston-Brighton Community Fund to support programs and improvements that enhance the Allston-Brighton community. At full build, the Allston Yards project will have advanced approximately $35 million in infrastructure investments to extend Guest Street from Arthur Street to Everett Street, improve and signalize intersections, extend Braintree Street, create new and improved access to the Boston Landing Commuter Rail Station, and install new utilities to support the growing Allston-Brighton community.
