Tishman Speyer makes first multifamily acquisition in Boston

Tishman Speyer has purchased The Eddy, a recently constructed, high-rise apartment tower located on the East Boston waterfront, from The Green Cities Company for $135 million.

Built in 2016, The Eddy features 259 market rate rental apartments that include a mix of studio, one-bedroom and two-bedroom floor plans. At 17 stories, the LEED Gold certified tower is East Boston’s tallest, providing unrivaled views of the Boston Harbor and the city skyline.

The Eddy’s suite of amenities include a rooftop deck with seating, a lounge with chef’s kitchen and pool table, an outdoor terrace with pool and sundeck, a modern fitness center, and secure bike parking and maintenance facilities. Popular dining destination ReelHouse occupies the retail space at the tower’s base through a long-term lease and has direct water taxi access from Boston and Charlestown.

This is the first multifamily acquisition in Boston for Tishman Speyer, which has long been an active owner, dev