News: Owners Developers & Managers

Project of the Month: Simpson Housing, LLLP and Heitman LLC's The Victor apartments continues momentum of North Station neighborhood

When the doors to The Victor opened in early November 2013, residents and guests were met with a vivacious and energetic space that mirror its up-and-coming location. Simpson Housing, LLLP (SHLP), a fully integrated real estate firm providing services in commercial and multifamily property management, development and construction, and joint venture partner, Heitman LLC, worked together to develop the area's newest luxury apartment community. The team collaborated with ADD Inc., Copley Wolff Design Group, and Suffolk Construction to offer quality apartment living with stunning views in Boston's next "It" neighborhood. Located at 110 Beverly St., The Victor contains 286 apartments ranging from studios to two bedrooms, many of which include a study. There is 17,000 s/f of retail space available on the ground floor. Tavern in the Square has committed to a 5,600 s/f lease which will mark the eighth location of the restaurant chain. Other building amenities include an 1,800 s/f strength and cardio club, an indoor sports court, private garage parking and "The Living Room," a fifth floor lounge that includes flat screens and access to a 5,300 s/f outdoor terrace. Copley Wolff illuminated the outdoor living area with LED uplights and additional lighting concealed within the IPE trellis to create a welcoming ambiance. Residents who live on the penthouse club levels will receive access to "The Club Terrace," a private rooftop lounge. In addition, The Victor contains a multitude of common spaces available for all residents to enjoy, such as a sports lounge, board room, and business center. After the completion of the Big Dig in 2007, Simpson Housing identified the land as the next prime location for a multifamily apartment community. Recently, the North Station neighborhood has been rejuvenated with new developments and renovations of old buildings. By opening The Victor, Simpson looks forward to adding to the success of this revitalized area. "The location of The Victor cannot be beat," said David Homan, regional manager, Simpson Property Group. "The proximity to North Station will give residents the ability to travel anywhere in Boston and New England and residents will have the capability to walk to the North End, the West End, the Financial District or Beacon Hill." The Victor offers an unmatched location and amenities, but most importantly The Victor offers unparalleled customer service. Following Simpson's mission of "commitment to excellence," The Victor provides 24-hour front desk concierge to accommodate all resident needs. In addition, residents have access to conveniences such as a building link system, which updates residents about upcoming events and allows residents to receive package notifications via text and email. "We strive to create communities within our buildings," said Venita DeHaven, senior vice president, Simpson Property Group. "Our goal is to incorporate spaces into our design that allow for residents to interact with one another." In 2013, Simpson Property Group received the highly coveted A-List Award for Excellence in Customer Service. The A-List awards are presented, according to size, to the top companies in the multifamily real estate industry. Simpson Property Group has been recognized every year for the past 10 years and the company is one of only two firms to achieve this number of consecutive wins in the history of the survey. Under the leadership of community manager, Gabrielle Strahl, The Victor will continue to meet the needs of its residents and will become an exemplary building within the rejuvenated North Station neighborhood. Project team included: Owner and Developer: Simpson Housing LLLP and Heitman LLC Property Manager: Simpson Property Group, LP Architect: ADD Inc. Landscape Architect: Copley Wolff Design Group Construction: Suffolk Construction Company, Inc. Structural Engineer: McNamara/Salvia MEP/LEED Engineer: A/H/A Consulting Engineers Civil and Land Surveyor: Allen & Major Associates Inc.
MORE FROM Owners Developers & Managers

Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.