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Kayne Anderson, Mill Creek Launch Allston Multifamily Project
Kayne Anderson Real Estate and Mill Creek Residential have acquired land and begun development of Modera Allston, a 240-unit, Class A multifamily community located in the Allston neighborhood of Boston. The six-story project is being developed through a joint venture between the two companies.
“Modera Allston builds on our longstanding success developing multifamily communities in high-barrier metropolitan markets,” said Tim Alexander, managing director of development in Boston for Mill Creek Residential. “Allston’s proximity to major employment centers and transit infrastructure, combined with limited future supply, makes it an ideal location for a thoughtfully designed residential community.”
Added Ken Carl, senior managing director and head of multifamily and student housing for Kayne Anderson Real Estate, “Modera Allston represents a compelling opportunity to deliver high-quality rental housing in a market with strong long-term fundamentals and limited new supply.”
Mill Creek Residential will oversee development and construction. Delivery is expected in 2028.
- ◦Development
