- Location: Medford, MA
- Deliver Year: 2027
- Beds: 660
- Size: 271,000 sq/ft.
- Transaction Type: NFP / Tax-Exempt
- Unit Type: Apartments
- Amenity Spaces:
Fitness, Laundry, Conference Rooms, Clubhouse, Lounges, Study
Tufts, a top-ranked private research institution, partnered with Capstone and its team of design, construction and finance specialists to help the University realize its goal of opening a new student housing community at affordable rental rates for students. The new development seeks to:
- Meet critical housing demands for upper-division students by providing apartment-style units on-campus and helping to relieve pressures in the local housing market,
- Create a pedestrian-friendly area along the edge of campus adjacent to the Medford/Tufts Green Line public transportation station, and
- Provide over 3,000 square feet of retail space to enliven the Boston Avenue corridor.
Sited on an existing surface parking lot along Boston Avenue, the project features two ten-story residence halls that step down to eight stories as they approach their adjacent neighbors. The residence halls will feature apartments in a mix of studio, two-bedroom, four-bedroom, and six-bedroom layouts and will offer students almost 12,000 square feet of amenity spaces including common rooms, lounges, a fitness center, social “clubhouse” spaces, study spaces, conference rooms, laundry facilities, and indoor bike storage. These active amenity spaces, located on the lower levels, look out onto Boston Avenue and will complement the retail spaces to make an 820’ long stretch of Boston Avenue more lively, accessible, and safe. The project will also include landscape improvements on both sides of Boston Avenue and other off-site improvements to benefit the surrounding neighborhoods.
With the goal to fulfill both the City and the University’s stringent sustainability requirements, the buildings will be all-electric, utilizing no on-site fossil fuels, and the building envelopes are designed to be air-tight, meeting Passive House requirements, which will result in less noise, more efficient energy usage, and better indoor air quality for the students. The Boston Avenue Residence Hall is Capstone’s second student housing community designed to Passive House standards.
Construction began in April 2025 and is scheduled to be completed by Fall 2027. The project was financed with tax-exempt bonds with Provident Resources Group as the non-profit owner.
