Congratulations to our client, The Stop & Shop Supermarket Company LLC, on upcoming ground-breaking of Boston’s newest mixed-use development, Allston Yards
Sherin and Lodgen congratulates our longtime client, The Stop & Shop Supermarket Company LLC (Stop & Shop), an Ahold Delhaize company, on the commencement of construction on the multi-phase Allston Yards. Once complete, the development, located in Boston’s Allston neighborhood, will include 117,000 square feet of retail, residences, 350,000 square feet of office and lab/life science space, and a one-acre community green. The joint-venture development is Ahold Delhaize’s largest single real estate development transaction in the U.S. to date.
The project is a joint venture between Stop & Shop, New England Development as Master Developer, Bozzuto, and Southside Investment Partners. According to Allston Yards’ press release, construction is set to begin this month on Building A, and will include 165 residential units and a new flagship Stop & Shop grocery store on the project’s Parcel A. Construction of a commercial office/life science building on Parcel B is scheduled to begin in the third quarter of 2022.
The Sherin and Lodgen team, led by Caroline Woodward, represented Stop & Shop throughout the transaction, negotiating with multiple equity investment partners and navigating complex development phases. The team included Colleen V. Collins, Steven D. Eimert, Ian T. Lane, Matthew A. Morris, Ronald W. Ruth, and John J. Slater.