Developer Trinity Financial marked the opening of its new residential community, Boston East, with a ribbon cutting celebration on May 21. Massachusetts Governor Charlie Baker and Boston Mayor Martin J. Walsh joined Trinity Financial executives, representatives from the East Boston Community Development Corporation, local elected officials and community leaders to welcome the opening of the new residences.
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. Boston East also embraces and engages the waterfront with the development and expansion of the East Boston Harborwalk, which was made possible in part by a $3 million MassWorks Infrastructure Program grant to East Boston.
“Today we are celebrating the results of innovative public-private partnerships and the significant role they play in our Administration’s efforts to develop and create housing opportunities across the Commonwealth,” said Governor Charlie Baker. “I am pleased to see the successful work that has been done to transform this site into a residential community, which will deliver new housing units and public spaces, open access to East Boston’s waterfront and maximize infrastructure investments in the area.”
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.
Boston East, which is designed by ICON Architecture, features an acre of open space that includes a number of community outdoor features – including multiple decks and a large rooftop lounge. A harbor walk trail extends around and past the development, and residents also have access to an onsite kayak and stand up paddleboard launch.
“This project showcases what can be accomplished when we work together with our partners to transform vacant, city-owned property into beautiful, thriving and welcoming spaces,” said Mayor Walsh. “Boston East has helped to revamp the waterfront by providing affordable as well as market-rate rental units, more open space, as well as increased access to the Harbor meeting the City’s sustainability criteria.”
Boston East is located in one of Boston’s fastest-growing neighborhoods near restaurants and a variety of arts, cultural and outdoor amenities and activities. The development features studio, 1, 2 and 3-bedroom units, along with loft units located close to the MBTA Blue Line, downtown Boston, and Logan International Airport.
“This project is the result of more than a decade of planning and hard work by a variety of public and private partners,” said State Senator Joseph Boncore. “The result is a new residential community at Boston East that provides much needed new housing and features outstanding cultural and waterfront amenities that benefit the entire community.”