Leasing Starts at Hines’ 200-Unit Luxury Rental Community in Waltham
- Nov 29, 2014
By Veronica Grecu, Associate Editor
One year and a half after construction started at its first residential project in the Boston area, Hines has officially launched leasing operations at Currents on the Charles. Initially owned by Saracen Properties and dubbed Acadia on the Charles Apartments, the development project was acquired by Hines for $13.5 million in spring 2013.
The 200-unit luxury apartment community contains nearly 188,000 square feet and is located on a 4.1-acre site at 36 River Street in Waltham, less than ten miles from Downtown Boston. According to Hines, the project was built by construction manager Callahan Inc. under conceptual plans designed by CUBE3 Studio of Lawrence, MA. The Bozzuto Group serves as property manager and will also oversee leasing activities.
The M-shaped, four-story building sits above a two-level below-grade garage that has around 400 parking spaces. Currents on the Charles features a list of upscale amenities such as a heated pool, a fitness center with a Yoga training room, a sundeck, an internet café, an outdoor kitchen and an indoor secure bike storage and bike repair station.
Currents on the Charles is a pet-friendly and entirely smoke-free community that caters to young professionals, families, and empty nesters. The loft-style apartments come in a combination of studios, one-, two-, and three-bedroom units ranging in size from 609 to 1,429 square feet. All units feature high-end finishes, including ENERGY STAR appliances, stone countertops and large walk-in closets. According to Curbed Boston, rents at Currents on the Charles vary from $1,995 a month for a studio to $3,480 a month for a three-bedroom apartment.
“Our new community offers the highest levels of quality, service, and amenities that are unmatched in the Waltham area. Because of our ideal location between Boston, Cambridge, and Route 128, residents will benefit from shorter commute times and quick access to a variety of local services,” said in a press release Jessica Lee, Community Manager at Currents on the Charles.
Click here for more market data on Boston
Renderings via Currents on the Charles