News: Owners Developers & Managers

Erland Const. and CUBE 3 to build new project for Alliance Residential

Waltham, MA Alliance Residential has selected Erland Construction, in collaboration with CUBE 3, to construct a new 314-unit apartment building. The 547,000 s/f residence will house one, two and three-bedroom units. Perched above the tree line along Winter St., Broadstone 305 will offer views of the nearby Cambridge Reservoir as well as Boston’s skyline.

The triangular-shaped building will feature a large interior courtyard, resort-style pool deck, two-story fitness facility, speakeasy lounge, dog park and extensive work-from-home facilities. It will consist of five and a half stories of wood frame over a two and a half story post tension garage. Broadstone 305 will have surface spaces and parking under the building for 472 cars as well as a wide array of amenities that offer a balanced, modern lifestyle.

“We are excited to be partnering with Erland for a second time,” said Sean Henry, vice president, Alliance Residential. “Their aptitude for diving right in and getting to know us surpasses anything I’ve experienced previously. They always put our best interest first and meet and exceed our expectations when it comes to quality. We look forward to teaming together on Broadstone 305.”

The project is estimated to take 30 months to construct. Erland recently completed Broadstone 305’s sister property – The Val – in the fall of 2021. The efforts put forth by that team directly contributed to the success of being award this exciting project.

“We’re very excited to continue our great partnership with Alliance Residential,” said Eric Greene, vice president, residential group manager, Erland. “A lot of planning and thought has gone into this new apartment community, recognizing the many benefits this type of development will offer Waltham residents. Having a great place to live starts with a sense of comfort and that’s exactly what Broadstone 305 will provide with its modern apartments, array of amenities, and proximity to highways and public transportation.”

MORE FROM Owners Developers & Managers

Devli Real Estate acquires 118 Rte. 17 North - a 67,000 s/f flex industrial/retail asset

Upper Saddle River, NJ Devli Real Estate completed the acquisition of 118 Rte. 17 North, a 67,000 s/f flex industrial/retail asset situated on 6.3 acres with prime highway frontage. The property is strategically positioned along the Rte. 17 corridor, one of Northern New Jersey’s most active and supply-constrained commercial sub-markets.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant