2 Harvard Ave - 2-8 Harvard Ave 0.43 Acres of Residential Land in Boston, MA 02134

NEWMARK | 82 Unit Fully Permitted Residential Development | Heart of Allston Square | Boston, MA
Newmark has been exclusively retained to market 2-8 Harvard Avenue (aka 1 Highgate Street), a fully permitted Class-A, 82-unit multifamily development with approximately 6,250 square feet of ground-floor commercial space, located in the heart of Boston’s rapidly evolving Allston-Brighton neighborhood.
2-8 Harvard Avenue has been thoughtfully designed to deliver modern, efficient residential units supported by a destination retail corridor, catering to the area’s deep and resilient renter base of students, young professionals, and institutional employees. Strategically positioned along a premier transit-oriented corridor within Boston’s higher education corridor, the property benefits from immediate access to Harvard Avenue retail corridor, Boston Landing commercial center and multiple MBTA transit lines with direct connectivity to Downtown Boston and Cambridge.

The site is exceptionally well-suited for high-density residential development and has recently been approved for no on-site parking, drastically reducing build cost and complexity and taking advantage of the site’s premiere retail frontage. The project also uniquely benefits from a grandfathered approval of only 13.9% affordable, an immense savings from the current 20% requirements, yielding significantly improved long term value appreciation from one of the lowest affordable requirements in Greater Boston.
The surrounding Allston-Brighton submarket continues to emerge as one of Boston’s most dynamic mixed-use districts, driven by significant institutional investment, infrastructure improvements, and large-scale redevelopment initiatives. Nearby projects such as Boston Landing and Allston Yards, combined with Harvard University’s long-term expansion plans, are transforming the area into a premier urban gateway with sustained demand for high-quality housing.

2-8 Harvard Avenue represents a rare opportunity to acquire a fully permitted, transit-oriented multifamily development in one of the most supply-constrained submarkets in the country with durable demographics, institutional demand drivers, and long-term upside.