Boston – (October 27, 2016) – GID announced today the closing of its most recent acquisition, The Victor, a 286-unit luxury apartment community located in Boston, Massachusetts. The property is located in the North Station neighborhood of Downtown Boston and sits directly above the North Station MBTA Orange and Green Line stops with commuter rail access. The property is adjacent to TD Garden, home of the NBA Boston Celtics and the NHL Boston Bruins, as well as the host of numerous concerts, all of which add to the vibrancy of the neighborhood.
The Victor features a fitness center, a basketball court, two resident lounges with a business center and kitchen, as well as two roof decks with outdoor seating and grilling areas. Unit finishes include eight-and-a-half-foot ceilings, hardwood flooring in the kitchens and living rooms, granite countertops, stainless steel appliances, custom wood cabinetry, full size stackable washers and dryers in all units and walk-in closets in every unit. The unit mix consists of 16% studios, 59% one-bedrooms and 25% two-bedrooms, with an overall average unit size of 809 square feet and boasts a WalkScore of 98.
The property also contains 17,051 square feet of retail space which includes Tavern in the Square, a modern sports bar and pub which compliments the local sports teams.
Bill Chiasson, Senior Vice President of Acquisitions said “The Victor represents an opportunity to add to our portfolio in a dynamic location with incredible access to transportation, jobs and entertainment”.
This transaction represents GID’s first acquisition in Downtown Boston.