New England Real Estate Journal, May 6, 2018
According to Trinity Financial, Boston East, its new apartment community on the East Boston waterfront, is already 25% pre-leased as it celebrated its official April opening.
Located directly on Boston Harbor and in close proximity to Downtown Boston and the MBTA, Boston East is a $71 million, boutique, mid-rise residential community that features 200 units, including six artist live-work-sell units and a community art gallery. The property was designed by Boston-based ICON Architecture, Inc.
“The property has been really well received in the market. When we were voted Best New Building in Boston in December we started getting people wanting to tour the building and kicked off our preleasing efforts. We’ve received tremendous feedback from residents about the gorgeous water and city views, ample open space, unique finishes and outstanding amenities,” said Abby Goldenfarb, a development vice president at Trinity Financial. “Trinity and the East Boston Community Development Corp. partnered on this project, and it has so much to offer residents and the community. The location is in the heart of thriving East Boston – a neighborhood that with outstanding restaurants, art galleries, outdoor activities and other great lifestyle features.”
The interior of Boston East features designs by Cortney and Bob Novogratz, whose style has been showcased on HGTV’s Home by Novogratz and Bravo’s 9 By Design, and in collaboration with companies such as CB2. The pair has conceived some of the most unique and amazing living spaces across the country but Boston East is their first large scale multi-family design.
The Novogratz’ have embraced the city’s history, the region’s seafaring heritage and the community’s location on the Harbor as inspiration for a “marine industrial” theme they incorporated into the interior design at Boston East. Last summer, Cortney Novogratz visited the Brimfield Antique Flea Market to shop for local pieces to be featured at Boston East.
Design treasures from that endeavor include vintage lobster traps that create a coffee table in the public art gallery, a full-size antique canoe and a variety of vintage marine industrial pieces that have been woven into decor.
“Boston East is our first Boston project and we’re thrilled with the final design we’ve created – a beautiful, relaxing and welcoming space we hope residents will enjoy,” said Cortney Novogratz. “East Boston has a rich culture and history that is reflected in the design, and the result is a building unlike any other luxury multi-family community in the city.”
Boston East’s exterior engages a maritime look, with wharf-like building wings extending to the waterfront and surrounding a central arched entry. Making the most of the beautiful Harbor and downtown skyline, light-filled apartments boast tall floor-to-ceiling windows with large decks angled out to catch water views. A richly landscaped courtyard and Harborwalk envelop the site, offering a gracious patio and fire pit overlooking the kayak and paddleboard launch. A spacious, glass enclosed rooftop lounge invites relaxation, while an indoor gym and dog spa encourage activity.
“Recalling the site’s shipbuilding history, we have created amazing, contemporary residences that reimagine waterfront living in Eastie,” said Nancy Ludwig, Principal of ICON Architecture, Inc.
Boston East officially opened on April 1. Trinity Management, LLC will serve as Boston East’s professional property management company.
Trinity Financial utilized its experience in creating successful market rate luxury living spaces to develop a unique and desirable residential community at Boston East. Among the luxury communities Trinity Financial has developed or has currently in development include the One Canal and Avenir buildings in Boston, 66 Summer Street and Vela on the Park in Stamford, CT and Foundry Square in Newburyport.
Located directly on the waterfront, near Maverick Sq. and Central Sq., Boston East is a $71 million boutique mid-rise residential community that features 200 units, including six artist live-work units. Boston East allows residents to engage the waterfront through a kayak and paddle board launch and experience uniquely designed apartments and amenity spaces with striking water views.
In December of 2017, Mike Tor succeeded Frank Lucey as Vice President of Field Operations. Mike has been with Cranshaw since September of 1997, and has vast experience in the field on a wide variety of project and building types. Congratulations to Frank on his outstanding service to the company, and to Mike for his dedication, team spirit and proactive attitude in both his past position as senior superintendent and as current head of Field Operations.
Construction of the retail core/shells for TD Bank, Island Creek Oyster Bar and Pressed Café as well as 80,000 SF of new office space at Building 700 and significant infrastructure improvements, completed at the end of 2016.
Cal brings 5 years of construction experience and four years as an estimator to Cranshaw’s Pre-Construction group. He is a graduate of Keene State College with a BS in Architecture and Wentworth Institute of Technology with a BS in Construction Management. Cal was most recently with Essex Builders.
Cranshaw Construction is pleased to announce several key leadership advancements.
Bob Lyons has been promoted to President from his former position as Chief Operating Officer. Under Bob’s management, Cranshaw has become the seventh largest general contractor in the market (source: Boston Business Journal 9/26/14, 2014 Largest General Contractors in Massachusetts). Bob has grown Cranshaw into a diverse company with clients in all sectors. Recent projects include Ink Block, The Green District and Portside at East Pier in Boston, MarketStreet in Lynnfield and Assembly Row in Somerville. Of equal importance, Bob has developed a solid team and a reputation for integrity and performance. Jack O’Neil will remain Chairman of the company.
Tony Salvucci, who leads Cranshaw’s pre-construction group, has been elevated to Senior Vice President. Tom Burke, Jeff Fishbone and Andrew Bisbee have been promoted to Vice President.
“We have a great leadership team here at Cranshaw. These promotions are well deserved,” said Lyons. I am proud of the work we are doing, including building great relationships with our sub-contractors and the trades. We are on pace for a record year and couldn’t do it without all the great people in pre-construction, project management, and the field that work hard every day to make Cranshaw a successful company.”