Trammell Crow Residential (TCR), the multifamily development platform of Crow Holdings, announced today that it has closed on its construction loan to commence building its latest Alexan community, a 210-unit, luxury multifamily residence in Waltham, Massachusetts.
Alexan Waltham will be located at 73 Pond Street in downtown Waltham and will feature five stories of Class A residential apartments over one level of at-grade podium parking. Construction has commenced, and completion is anticipated for Summer 2025. Alexan Waltham will offer both market-rate and affordable units in studio, one-bedroom, two-bedroom, and three-bedroom layouts ranging from 650 to 1,400 square feet.
With its ideal location just two blocks north of the Main Street / Moody Street intersection, residents of Alexan Waltham will be immersed in Waltham’s lively social scene highlighted by the 40+ restaurants along Moody Street. Residents will also have convenient access to Boston’s premier employment corridors stemming from the short walk to the MBTA’s Waltham Station, which provides access to Cambridge’s Porter Square Station and Downtown Boston’s North Station, and the 5-minute drive west to Route 128, which is home to Greater Boston’s largest suburban office cluster. Additionally, the site is directly bordered by the Waltham portion of the Massachusetts Central Rail Trail, a 104-mile off-road, shared-use trail offering recreational activities and alternative access routes into Cambridge and Boston.
“This project is another example of TCR’s strategy to invest in high-growth areas across the U.S.,” said Andy Huntoon, Managing Director, Northeast Division of Trammell Crow Residential. “We continue to be active in the Greater Boston area and look forward to working with our partners and the City of Waltham to provide much needed and desirable housing to the area.”
With this newest Alexan offering, TCR currently has more than 29,000 apartment units in various stages of development in 20 markets across the country.
About Trammell Crow Residential
Trammell Crow Residential (TCR) is a leading multifamily real estate developer with local offices in 16 key U.S. markets. Over 45 years, TCR has built more than 285,000 premier multifamily residences, delivering amenity-rich communities in economically thriving locations nationwide. TCR is part of the development platform of Crow Holdings, a privately owned real estate investment and development firm with 75 years of history, $30 billion of assets under management, and an established platform with a vision for continued success.