Greystar buys a portfolio from Downing to target a new demographic.
The 310-unit high-rise is still going through the planning approval process in Montgomery County.
Multifamily developers are working on products aimed directly at people on fixed incomes amid historic housing shortage.
Greystar was found partially responsible for the crane falling into a neighboring complex.
A 20-story, 400-unit under-construction high-rise project in Center City developed by Greystar caught fire on Monday afternoon.
The developer filed plans with the Massachusetts Environmental Policy Act Office that include two 20-story lab buildings.
Greystar Managing Director Gary Kerr, who has overseen the building of roughly 1,900 housing units just outside of Boston, sees more construction coming soon.
Greystar's first modular apartment complex in Pennsylvania was built about 40% faster than comparable traditional construction projects.
The Juniper building is Greystar's fifth apartment project in Everett's Commercial Triangle, with the buildings totaling more than 1,900 units.
Greystar has created a division for investment in areas like digital infrastructure, renewable energy and transportation.
We're not asking for your money. This is not a step towards a paywall. Our news is free and we intend to keep it that way.