Development: Ground-up Residential Rental
Address: 23-31 Bridge Street, Quincy, MA
Neighborhood: Quincy – Quincy Center
Units: 60
Year Built: 2018
Boston Property Development acquired 23-31 Bridge Street, Quincy, which consisted of 3 stand-alone buildings in Q1 of 2017.
The Property was the second phase of the Triple 9 development as it sits adjacent to Triple 9 Brookside, a 53-unit luxury apartment development that was completed Fall 2016. The acquisition of the Property presented a rare opportunity to control and develop nearly three acres of contiguous land in downtown Quincy.
Construction was completed in 2018 and the building consists of 60 rental units over five stories, a two-floor parking garage underneath with 83 parking spots (a ratio of 1.4 per unit), 65,800 sf of living area, inclusive of high-end amenities such as a state-of-the-art gym, spacious roof deck, private balconies and a billiard/recreational room.
BPD quickly leased up the property to 100% occupancy and in 2024, sold the entire asset.
