LCOR, a fully integrated real estate investment, development, and management firm and DivcoWest, a national and vertically integrated, real estate investment firm today announced the launch of leasing at Park 151, a highly amenitized, 20-story, 468-unit, mixed-income residential property located at 151 North First Street in East Cambridge, MA in the heart of the new Cambridge Crossing neighborhood.
With an expected completion date of September 2022, Park 151 will be comprised of 468 residences ranging in size from studios to three-bedroom apartments, inclusive of 392 at market-rate, 22 penthouse homes and affordable units with an additional 19,000 square feet of ground-floor retail space. The building additionally includes in-unit washers and dryers, panelized appliances with LED downlighting throughout, an outdoor pool and living room, inclusive of a TV and lounge area, grilling spaces, a fitness center, indoor and outdoor yoga spaces, a sunset terrace, co-working and micro-office spaces and ample parking and bike storage.
Additionally, Park 151 benefits from its proximity to two MBTA lines with the new Lechmere green line station one minute away and the Community College Orange line just a quick 7-minute walk. Right outside the front door, cafes, restaurants, and a brewery connect residents to the community through local flavors and restauranteurs.11 acres of activated open space sits adjacent to the residence, providing unmatched connectivity and the ability to bring the indoors out. The open spaces at CX feature a central 5-acre common with a waterway where concerts and fitness classes are held, outdoor seating in the Picnic Grove and Maria Baldwin Park, and a recently opened dog park.
“As one of the country’s most desirable submarkets, inclusive of world-class academic institutions and leading technology and life sciences companies, Park 151 serves as a prime housing option for the existing base of top talent, as well as the influx that this new neighborhood will bring,” said David Sigman, Executive Vice President and Principal at LCOR. “We’re excited to officially deliver these premier residences to the community alongside our partner DivcoWest and look forward to welcoming future residents to their new home at Park 151.”
“Park 151 carries the Cambridge Crossing brand centered around innovation, connectivity, and health and wellness, and we are thrilled to offer a place that focuses on creating holistic experiences for today’s forward-thinking residences,” said DivcoWest Senior Development Executive John Weigel. “Our team is proud to have collaborated with LCOR to deliver this state-of-the-art residential building that combines superior location, unique amenities, and modern and distinctive units.”
Park 151’s neighborhood, Cambridge Crossing, is located at the intersection of Cambridge, Boston, and Somerville, and is part of Kendall Square, one of the most innovative square miles in the country. As one of the most sought-after life science, research, and technology markets (inclusive of Sanofi, Bristol Myers Squibb, Google, and Amazon) and the nation’s leading academic institutions such as Harvard and MIT, Cambridge boasts intellectual work and education avenues, while simultaneously providing top-tier bars, restaurants, arts and cultural offerings. Cambridge Crossing is centrally located with immediate access to multiple modes of transportation including two MBTA stations, a bus station hub, public & private shuttle services, shared bicycle stations, and various cycle and walking paths.
Park 151 is a joint venture between LCOR and DivcoWest and is part of the 43-acre and 4.5 million square-foot Cambridge Crossing master development plan by DivcoWest. The partnership is dedicated to bringing top quality residential to this dynamic new neighborhood. Cambridge Crossing includes commercial, residential, retail and an abundance of open green spaces. Park 151 will be a collaborative product of LCOR’s residential and management expertise, and DivcoWest’s development experience within the local Boston/Cambridge market.
Potential residents can schedule a visit to the Park 151 marketing suite to tour the model units and reserve units for fall occupancy. For more information and to apply, please visit www.park151.com