(To read more on the multifamily market, click here.)
BOSTON-Archstone Smith is out to capture the luxury apartmentmarket in Boston. The Englewood, CO apartment developer and ownerhas held a portfolio of suburban Boston assets for years but itwasn't until November, when the company opened Archstone BostonCommon, that it had a presence in the city's urban core. Now, thefirm has its eyes on downtown Boston where luxury units arerare.
"We're very comfortable with competing in this market in theluxury class," says Karl Trieschman, head of the Boston developmentgroup for Archstone-Smith. So comfortable, in fact, saysTrieschman, that the company is eyeing other urban locations forits high-end apartment ventures.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
