Boston, MA – Today, Tuesday, July 29 at 11 a.m., Mayor Martin J. Walsh will join executives from Gerding Edlen, Normandy Real Estate Partners and National Real Estate Advisors in placing the final beam on the South End’s new modern classic—TROY BOSTON. Located on prime South End real estate—at 55 Traveler Street—the $185 million mixed-use complex will provide new and exciting apartments, retail and restaurants with a host of modern-day amenities for today’s city dweller.
The 1.27 acre site was once part of the original rail system from the Boston and Albany Railroad, and TROY was one of the stops named after upstate New York streets. TROY BOSTON is the newest destination at this historic site. Bordering Traveler, Albany and East Berkeley streets, the residential complex has been designed by the award winning architecture and design firm, ADD Inc. The sustainable property consists of two residential towers, offering 378 residential apartments with 38 affordable units on site.
“This project is another major milestone for the City of Boston to provide onsite affordable housing to the marketplace,” said Mayor Martin J. Walsh. “Gerding Edlen and Normandy Real Estate Advisors have delivered both an innovative and sustainably rich building that has employed almost 600 trades’ people during construction. TROY BOSTON will be the envy of the South End neighborhood.”
One of the hallmarks of TROY BOSTON, designated as a LEED Gold building, is its internal power plant that co-generates electricity, hot water and heat, working at 25 percent better than current energy codes and saving its residents energy, water and clean air. Each apartment is meticulously designed, complete with 82 percent post-industrial, recycled content wood floors, stone countertops, custom closet space, energy saving washer and dryers, Nest Learning Thermostats™ and custom cabinetry in kitchen and bathrooms.
The full city block, mixed-use complex features a 19-floor residential tower connected to a mid-rise tower. At the building’s promontory corner on Traveler Street, will be 6,000 square feet of new retail and restaurant space providing an active street experience. There will be an above-ground parking garage with 180 spaces. A spacious bike room that provides ample and easy storage, as well as bike repairs, is part of the building’s appeal for today’s residents. Pet lovers will rejoice at the top-of-the-line dog walking facilities and pet washing stations, both indoor and outside, to accommodate Boston’s changing climate.
Chic cabanas that open out onto the outdoor pool and poolside deck provide cozy spaces for relaxation. A rooftop terrace complete with fire pits and barbeques will be great gathering spots for residents. Inside, there is a chef’s kitchen and large adjoining dining area for entertaining. There is a room outfitted with a billiards table; a private yoga room; and a fitness studio with cardio and resistance equipment. Comfortable lounge areas for relaxing, or just hanging out with friends, complete the new modern classic appeal of TROY BOSTON.
Pivotal to the development team’s ethos is Gerding Edlen’s commitment to the local community of artists and designers. TROY BOSTON will feature commissioned pieces done by well-known artists and designers working and exhibiting in the South End. Today’s topping off also features a new community partnership with Youth Design—a non-profit organization headquartered in the South End that serves all urban youth in greater Boston to pursue a path to higher education and equitable careers by engaging the professional design community to mentor, educate, train and employ the next generation.
Residents can walk to the SOWA gallery district, hip boutiques, as well as the Boston Center for the Arts, Huntington Theatre and the Calderwood Pavilion for the Arts. Some of Boston’s finest South End restaurants and cafes are in walking distance and the unparalleled location connects Boston’s most exciting neighborhoods—providing easy access to the South End, Back Bay, Chinatown and the Theater District.
Suffolk Construction is the construction management company, employing 589 construction tradespeople for the project. Pre-leasing will begin in August. Today’s topping off ceremony is a celebration steeped in history to honor the men and women who work on the project, mark a construction milestone, and celebrate Boston’s newest addition to modern city living.
ABOUT GERDING EDLEN
Gerding Edlen is one of the nation’s leading real estate investment and development firms focused on urban, infill, office, apartment and mixed-use properties. Founded 15 years ago, the firm provides investors and partners an opportunity to achieve returns by creating and owning exceptional properties where people can live, work and learn. Gerding Edlen’s “Principles of Place” guide the firm’s development efforts and ensure that properties create value for residents and tenants by creating and supporting communities. This commitment has led the firm to be a recognized national leader in sustainability, developing or re-developing more than 60 LEED certified or certified pending properties.
ABOUT NORMANDY REAL ESTATE PARTNERS
Normandy Real Estate Partners is a leading real estate operator and investment manager headquartered in Morristown, NJ with offices in Boston, New York City and Washington, D.C. Normandy currently manages a series of discretionary real estate funds totaling approximately $1.5 billion of equity commitments. Normandy’s existing portfolio includes over 15 million square feet of commercial assets, four hotels and numerous land development sites. Normandy targets value added real estate investments in the gateway markets of Boston, Metro New York City, San Francisco, and Washington, D.C. where opportunities exist to enhance value through creative repositioning, financial restructuring, intensive management, and capital improvements. For more information visit www.normandyrealty.com.
ABOUT NATIONAL REAL ESTATE ADVISORS
National Real Estate Advisors has $2 billion+ in assets under management for pension plan sponsors, investing in major U.S. urban markets using a build-to-core strategy. The company undertakes large-scale development and redevelopment projects in its open-end fund and separate account, building investment portfolios of stabilized modern property assets—apartment, office, mixed-use, industrial, data centers and hotels—with design features, technological enhancements, and amenities that can drive high tenant demand and create value over time. An SEC registered advisor, the firm is a subsidiary of the National Electrical Benefit Fund, a $12 billion pension plan sponsor. For more information visit, www.natadvisors.com.
For Gerding Edlen
Kortenhaus Communications, Inc.
Alex Szafranski, firstname.lastname@example.org/617.778.5757
Joan Carter, email@example.com/617.778.5757
For Normandy Real Estate Partners
Brainerd Communicators, Inc.
Scott Cianciulli, firstname.lastname@example.org /212.739.6753
Jane Nam, email@example.com/212.739-
For National Real Estate Advisors
Michelle Johnstone, firstname.lastname@example.org/202.496.1247