BOSTON, July 13, 2016 /PRNewswire/ -- Governor
Charlie Baker and Mayor Martin J. Walsh joined state and city officials,
community leaders and representatives of Apartment Investment and
Management Company (Aimco) and Trinity Financial, Inc. to welcome
the newly developed One Canal Apartment Homes to the Bulfinch
Triangle neighborhood at a ribbon-cutting ceremony this
morning.
Aimco invested $195 million in the
12-story, 310-unit apartment community developed by Trinity
Financial, Inc. One Canal
features a range of apartments from studios to three-bedroom homes
plus 44 luxury penthouses on the building's top two floors.
Upscale amenities include a 2,000 square foot fitness center and an
expansive rooftop social deck with a heated pool, fire pit lounge,
outdoor theater and 360 degree panoramic views of the City.
"One Canal is the result of a successful public
private partnership between the Commonwealth, the City of Boston, and private industry to
transfer unused state assets into positive economic growth," said
Governor Charlie Baker. "We
congratulate Aimco on today's opening and look forward to engaging
the community on similar opportunities across the state in the
future through our Open for Business initiative."
"One Canal is ideally located in
the heart of Boston connecting
residents to our financial, cultural, employment and transportation
centers," said Mayor Walsh. "I thank Aimco for its vision and
investment in our City and Trinity for accomplishing another
outstanding development. These partners have met a need for
additional housing along the Greenway, created 450 construction
jobs and brought vibrancy to the neighborhood. This project is
another step towards Boston
meeting its ambitious housing goals, and shows how Boston can be an innovative city, grounded in
its roots and history."
"The grand opening of One Canal
represents a collaborative effort among Aimco and our partners from
the public sector, business and labor communities to make this
exceptional area of Boston
accessible to hundreds of residents who choose to call the Bulfinch
Triangle their home," said Aimco Chief Investment Officer
John Bezzant. "Within walking
distance of the Charles River, Boston Public Market, TD Garden, and
the historic North End, One Canal is
at the nexus of some of the best destinations in the City. Its
location also has an important link to the history of Boston and the Middlesex Canal, which once
bisected the site. Through our partnership with the Boston
Redevelopment Authority and the Middlesex Canal Association we are
pleased to celebrate the heritage of this waterway that helped
define Boston in our lobby design
and artwork."
"This development was the culmination of many years of
thoughtful community input by neighborhood residents,
businesses and the visionaries at the State and City who
had the foresight to prepare the Bulfinch Parcels for
development," said Trinity Vice
President of Development Abby
Goldenfarb. "Trinity is honored to have had the chance to be
a part of such a transformative development and conclude another
successful public private partnership with MDOT, the MBTA and the
City of Boston."
One Canal also boasts 21,000
square feet of retail space that will house Boston's location for City Winery, a high end
culinary and cultural destination which will offer concerts, food
and wine classes, fine dining and a trademark selection of wines
available to residents and visitors.
Aimco owns and manages 4,700 apartment homes in the Greater Boston market. The company is
one of the country's largest owners and operators of apartments,
with 193 communities in 23 states and the District of Columbia. Its common shares
are traded on the New York Stock Exchange under the ticker symbol
AIV and are included in the S&P 500.
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SOURCE Aimco