Nearby Residential Expansion of Kingston Collection Officially Underway
— Trammell Crow’s ‘Alexan Kingston’ Development to Bring 282 Apartments to Site Near Kingston Collection —
Kingston, MA – The Kingston Collection, owned and managed by Pyramid Management Group, will soon welcome a 282-unit residential complex being constructed by Trammell Crow Residential, which recently broke ground on the project. Site-clearing work for the Alexan Kingston development began this month with the demolition of the former Sears store box (and future location of development) at 1 Kingston Collection Way. Trammell Crow Residential, who acquired the site from Pyramid Management Group, will own and operate the complex.
The new development advances Pyramid Management Group’s long-term vision to bring innovative (and diversified) offerings such as residential housing within the orbit of its many mixed-use properties.
“Kingston Collection is arguably one of the South Shore’s most vibrant retail and experiential destinations, drawing both local and regional visitors. The arrival of residential units near the Kingston Collection will undoubtedly be a game-changer for the evolution of the center as more people embrace live/work/play, mixed-use destinations,” said David Gilmore, general manager of the Kingston Collection.
When completed in 2023, the new apartment complex will bring needed market-rate and affordable rental housing units to the area. Future residents will have easy access to Boston’s South Station via Kingston’s nearby MBTA Commuter Rail Station which is located only one mile away from the Kingston Collection. Future demand to lease the new units, whose creative layouts and high-end amenities will cater to both Millennials and Empty Nesters, is expected to be very strong.
Construction will be completed in three phases over the next 18 to 22 months. Phase One is expected to be completed by summer 2022 when the first residents can move into the complex.