Kayne Anderson Real Estate and Mill Creek Residential announced the acquisition of land and commencement of development of Modera Allston, a 240-unit, class A multifamily community located in the Allston neighborhood of Boston.
Modera Allston will be a six-story apartment community located near premier educational, healthcare and employment centers in the Boston metropolitan area. The project is being developed through a joint venture between Kayne Anderson Real Estate and Mill Creek Residential.
The development is expected to be delivered in 2028 and will feature a mix of studio, one-, two- and three-bedroom residences, along with market-leading amenities.
“Modera Allston represents a compelling opportunity to deliver high-quality rental housing in a market with strong long-term fundamentals and limited new supply,” said Ken Carl, senior managing director and head of multifamily and student housing at Kayne Anderson Real Estate. “Boston continues to benef
