(To read more on the multifamily market, click here.)

BOSTON-The West End, demolished in the late 1950s as part of the city’s urban renewal effort, will get its first new housing stock in 10 years. Equity Residential Development has broken ground on a five-building, 310-unit complex near the banks of the Charles River. The $160-million plus project, currently known as the Equity Residential Development at Emerson Place, will put studio, one- and two-bedroom apartments and townhouses on 5.6 acres at Storrow Drive, Blossom Street and Thoreau Path, which connects the West End and Charles River.

“These new units will go far in bringing us closer to our goal of increasing the city’s housing stock,” Mayor Thomas Menino says in a statement announcing the groundbreaking. “Once completed, this project will breathe new life into the community with new residents and a significant amount of open space for everyone to enjoy.”

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