By: Paul Restuccia Friday, January 15, 2016
Photo Credit: Ted Fitzgerald
The rents at a new apartment building in Roslindale Square are attracting a lot of interest from those who might otherwise rent downtown.
At the 43-unit Parkside on Adams, rents are up to $1,000 less per month than those in downtown luxury complexes.
“We’re getting lots of calls from downtown brokers because of the great value here,” said Trudy McGuire of Roslindale’s Insight Realty Group, who is handling the leasing.
Studio apartments at Parkside, ranging from 505 to 574 square feet, are priced between $1,550- $1,575 per month. One-bedrooms, with anywhere from 731 to 1,239 square feet, are going for between $2,100 and $2,400. Two bedrooms with 904 to 1,049 square feet are leasing for between $2,600 and $2,700 a month.
“We’re off to a great start, with all but two of the 12 studios rented,” said McGuire, who said about 30 percent of the building’s apartments have been leased thus far. “We’re attracting a lot of young professionals and some downsizing empty nesters.”
Parkside, which overlooks the recently renovated Adams Park and a row of retail shops in what’s now called Roslindale Village, is part of a larger mixed-use development that includes a restored former MBTA substation next door. Built in 1911, the brick substation is being transformed into The Third Rail, a restaurant being developed by Ashmont Grill owner Chris Douglass, as well as a Craft Beer Cellar on the lower level.
Both are due for completion by late summer/early fall.
The Parkside apartment building, with an exterior of brick and Hardie Plank, is built above 36 parking spaces, which cost $125 per month each to rent. We took a look at model unit 103, a 731-square-foot apartment renting for $2,125 per month. The open kitchen/living/dining area has 20-foot ceilings and polished concrete floors. The track-lit kitchen features beige Corian countertops, 15 dark-brown cabinets and black G.E. appliances, including a refrigerator, dishwasher, electric stove and microwave. The carpeted bedroom is loft style, raised up a few steps from the main living space. There’s a ceramic tile-floored bathroom with a Corian-topped wood vanity and a one-piece Fiberglas shower. Two-bedroom unit 302, a front-facing apartment with 904 square feet of space, features floor-to-ceiling slatted windows with great views out over Adams Park. This unit has a sunny, open kitchen/living/dining area with laminated vinyl floors and track lighting. This and all units feature closets with stacked or side-by-side G.E. washer and dryer. They also have in-unit Mitsubishi electric heating and cooling wall units.
The building has a fourth-floor outdoor roof deck outfitted with a gas grill, as well as an indoor fitness center.
Parkside is two-tenths of a mile to the Roslindale Village commuter rail to South Station and on the bus line to the Forest Hills Orange Line station about a mile and a half away. Within a few blocks are the Village Market, bakeries and butchers, as well as restaurants and retail shops.
“Almost anything a resident needs is right here in the square,” said McGuire.