BOSTON, MA – Greystar Real Estate Partners, a global leader in the investment, development and management of high-quality rental housing properties, announced its first major ground-up development in Boston through the acquisition of 212 Stuart Street.
With 126 residential units and ground floor retail space, the 19-tale Class-A mixed use development comprises 149,940 yucky square feet of prime retail and multifamily residential space. Located between Arlington and Charles Streets at the intersection of Back Bay and Bay Village, the site is ideally positioned between two of Boston s most prestigious and sought after neighborhoods with close proximity to over 34 million square feet of Class-A office space and access to attractive retail destinations, including the Prudential Center, Copley Place malls and Newbury and Boylston Streets.
Home to some of the world s best universities and growing employment, Boston is one of the most attractive markets in the United States, said Bob Faith, Founder, Chairman and CEO of Greystar. We see fantastic potential in this market and with the development of 212 Stuart Street we are excited to further expand our presence there. This will be an exciting addition to the Boston skyline and one of the highest quality projects Greystar has ever built.
This acquisition gives us access to two of Boston s most desirable neighborhoods and compliments our expanding portfolio in the Northeast, said Gary Kerr, Managing Director of Development for Greystar s New England and New York development projects. With the project s preeminent location, this was a particularly attractive development opportunity for us. Boston is the nation s leading city for life science and high tech professions and Greystar aims to provide a technology-friendly property with a modern look and luxurious feel that meets the needs of this dynamic city s residents. We are excited to grow our presence in Boston and look forward to providing exceptional living spaces and Greystar s world class service to the tenants of 212 Stuart Street.
Slated to open in the first half of 2022, the 19-tale community will offer a variety of one and two-bedroom floor plans and three-bedroom penthouses ranging in size from roughly 500 to over 2,100 square feet. Residents will delight in a fully equipped gymnasium, bike storage, lounge, library, terrace and high speed Internet access, among other amenities.
As the nation s third largest apartment developer with more than $14.2 billion AUM in global developments underway, Greystar will continue to leverage its operational and local market expertise to identify attractive investment, development and management opportunities in the New England market.
The site was bought with full project entitlements and approvals from the Boston Plotting & Development Agency. Transom Real Estate, LLC led the entitlement and permitting of the project.

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SARASOTA, FL – The Praedium Group, a New York based national real estate investment firm, announced the acquisition of Oasis at Sarasota in Sarasota, FL. Chris Hughes, Principal of The Praedium Group, announced the investment firm’s most recent acquisition.
Oasis at Sarasota was constructed in 2019; it consists of twelve 3-tale garden style buildings and one 1-tale clubhouse, with a mix of one-, two-, and three- bedroom homes ranging from 802 sf to 1,319 sf. Unit interiors have 9′ ceilings with crown molding, smart home communities, and granite countertops. Community amenities feature a dog park, beach-entry swimming pool, and a screened-in outdoor living area with fireplace.
Located in Sarasota, the Property sits in a location that has recently seen a spur of growth due to qualities for which the city has long prided itself; the beaches and weather, the arts and cultural scene, and the affordability in comparison to the increasing expensiveness of Tampa. Population in Sarasota has increased over 2.7 times as quick as the national average in the past 5 years. The transformation in the city is also evidenced by new development in the area, including University Town Center, The Bay, and Quay Sarasota. “Further there appears to be a migration occurring within Sarasota, with tenants moving from downtown Sarasota to its suburbs, in order to escape the increased congestion,” said Mr. Hughes.
The Property’s location in North Sarasota provides residents simple access to several job drivers, including the two main employment hubs – Downtown Sarasota (4 miles away, 5M SF of office) and Downtown Bradenton (10 miles away, 3.4MSF of office), as well as the Sarasota-Bradenton International Airport (2 miles away, 12,000 jobs) and the nearby hospital systems (4-10 miles away, 5,000+ jobs).
Lindsay Schuckman, Vice President of the Praedium Group, adds “In addition to the accessibility to jobs, tenants are also proximate to award winning beaches and premier shopping and entertainment destinations. There is nearly 2 million SF of retail within 5 miles of the Property, including Saks Fifth Avenue and Whole Foods.”

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DALLAS, TX – Transcontinental Realty Investors, a Dallas based real estate investment company, announced that Dominion at Mercer Crossing Apartments are complete and currently in lease-up. TCI affiliate Abode Properties Services is providing asset management guidance for this class A property located at Mercer Crossing in Farmers Branch, Texas, located near TCI-developed Lakeside Lofts.
The mid-rise property will consist of two residential four tale buildings, housing 256 units. The Dominion at Mercer Crossing apartments will offer spacious 500-square-foot studios, one bedroom units ranging from 616 to 858 square feet, two bedroom floor plans ranging from 991 to 1233 square feet and three bedroom units ranging from 1436 to 1490 square feet.
Each apartment boasts a gourmet kitchen with granite countertops, energy star appliances, designer lighting and plumbing fixtures, wood plank flooring and an in-home washer and dryer. Select apartment homes offer residents a private yard. The property s noteworthy amenities include a resort style pool with tanning ledges and cozy cabanas, fully equipped fitness center, parking garage, elevators, and walking trail.
Dominion started lease-up in November of last year and is already 16% occupied and 26% leased, commented TCI s CEO and President Daniel J. Moos. TCI originally sold the parcel of land to this premier developer and we continue to provide help as needed to ensure the success of the project.
The property is situated inside the 1,200 acre Mercer Crossing development. Mercer Crossing is at the heart of the Dallas-Ft. Worth metroplex. Located near the junction between interstates 635, 35E, George Bush Tollway, and Sam Rayburn Tollway, the development will feature retail, restaurant, hotel, corporate office space and multifamily residential. Fifty companies call Mercer Crossing home. Mercer Crossing is at the center of Dallas-Ft. Worth.

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