ALLSTON, MA (July 2024) — Allston Yards recently held an official ribbon cutting ceremony to mark the openings of the new, flagship Stop & Shop and the Alder residential community. Allston Yards, a project of New England Development, Stop & Shop, Bozzuto and Southside Investment Partners, is Boston’s newest mixed-use development.
Participating in the ribbon cutting ceremony were: Massachusetts State Representative Kevin Honan, Boston City Councilor Liz Breadon; James Arthur Jemison, Chief of Planning and Director of Boston Planning and Development Agency; Stephen R. Karp, Chairman & CEO, New England Development; John E. Twohig, Executive Vice President, New England Development; Gordon Reid, President of Stop & Shop; Guy Stutz, Vice President of Real Estate, Stop & Shop; Tom Ferreira, Regional Vice President of Operations, Stop & Shop, Toby Bozzuto, President & Chief Executive Officer, Bozzuto; Ben Hoskins, Co-founder & President, Southside Investment Partners; Risa Meyers, Senior Project Manager, New England Development; and Mark Jackson, Project Manager, New England Development.
Alder is a 165-unit residential community located directly above the new 52,000 square foot Stop & Shop within the 10.6-acre Allston Yards. Alder is managed and developed by Bozzuto. Located at 301 Guest Street, Alder is the first building in the transformative mixed-use Allston Yards development. The multi-phase Allston Yards project includes 117,000 square feet of retail with a vibrant mix of new stores and restaurants, including the new Stop & Shop. With nearly 900 residences, 350,000 square feet of office and lab space, and a one-acre community green, Allston Yards has been designed as a walkable community with open space and an ideal location for retailers, restaurants, office and life-science tenants, fitness, and services.
The new Stop & Shop has been thoughtfully designed to meet the needs of Allston’s growing and diverse community. The store features a large assortment of grab & go meal options and convenient services like online pickup to better serve the always-on-the-go customer.
With online pickup, customers can shop online and drive up to one of the designed spots in the Allston Yards parking garage, and an associate will deliver their order right to their car.
The development of Allston Yards will contribute a total of $4-million dollars to the Allston-Brighton Homeowner Fund created by Allston Yards to increase affordable homeownership opportunities in Allston-Brighton. Since its inception, the fund, facilitated by the Boston Home Center, has distributed approximately $900,000 in downpayment assistance and helped 27 first-time homebuyers purchase homes in Allston-Brighton.
The project has also created an $800,000 Allston-Brighton Community Fund to support programs and improvements that enhance the Allston-Brighton community. At full build, the Allston Yards project will have advanced approximately $35M in infrastructure investments to extend Guest Street from Arthur Street to Everett Street, improve and signalize intersections, extend Braintree Street, create new and improved access to the Boston Landing Commuter Rail Station, and install new utilities to support the growing Allston-Brighton community. For more information, visit AllstonYards.com.
New England Development
For over 50 years, New England Development has taken a creative, entrepreneurial approach to real estate development and management, delivering and sustaining successful projects across a wide range of property types. The company’s national portfolio includes mixed-use developments that combine retail, residential, office, lab and hotel use, outlet centers, high-end and street-front retail, airport retail, hotels, golf courses, restaurants, and marinas. New England Development’s diverse portfolio includes CambridgeSide in Cambridge, MA, Allston Yards in Allston, MA, Chestnut Hill Square in Chestnut Hill, MA, Outlets of Des Moines in Altoona, IA, Clarksburg Premium Outlets in Clarksburg, MD, Newburyport Development and White Elephant Resorts, among others. For more information, visit NEDevelopment.com.
Stop & Shop
The Stop & Shop Supermarket Company LLC is an Ahold Delhaize company. Based in Quincy, MA, Stop & Shop opened its first supermarket in 1914 in Somerville, Massachusetts. With over 100 years of operating history, Stop & Shop has become a supermarket leader in many of its communities. Today, Stop & Shop employs 54,000 associates and operates nearly 400 stores throughout Massachusetts, Connecticut, Rhode Island, New York and New Jersey. Stop & Shop is deeply rooted in the Boston community and is committed to making an impact locally by fighting hunger, supporting our troops through Boston-based organizations like Home Base, and investing in pediatric cancer care at Dana-Farber Cancer Institute. Stop & Shop has been a part of Boston’s Allston-Brighton community for over 20 years and will deepen its commitment to this neighborhood as part of the Allston Yards development and its new store. For more information, visit StopandShop.com.
Bozzuto
Bozzuto is an experience-focused real estate company distinguished by its innovative developments, dedicated customer service, and top-rated workplace culture. With award-winning expertise in homebuilding, multifamily development, construction, and management, Bozzuto is devoted to delivering extraordinary experiences for those they serve. Since its founding in 1988, Bozzuto has developed, acquired, and built more than 60,000 homes and apartments. Celebrating 36 years of creating sanctuary, Bozzuto currently manages 110,000 apartments and 3.5 million square feet of retail space across the U.S. For more information, visit Bozzuto.com.
Southside Investment Partners
Southside Investment Partners is a developer and owner of retail and mixed-use properties throughout the Mid-Atlantic and New England. Based in Baltimore, Maryland, the company seeks new investment opportunities across the commercial real estate spectrum – either through ground-up development, or by investing in assets in need of redevelopment. In addition to principal development and investing, Southside provides advisory services to clients including third-party consulting, site plan and design, entitlements and permitting, leasing, construction management and capital markets. Southside’s Principals have over 75 years of combined real estate experience with a full spectrum of industry expertise including acquisition, development, financing, and leasing. For more information, visit SouthsideInvestmentPartners.com.
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