A little more than two years ago, the Wyeth in Cambridge was an aging Roman Catholic school in need of a complete down to-the-studs demolition.
Enter Broder Properties, a Boston–based developer, with plans to open the Wyeth this September, a 44-unit luxury apartment building at 120 Rindge Ave.
The four-story, LEED Platinum building near the MBTA's Porter Square Station, has raised environmental sustainability to a high-end level of living.
With a multitude of successful developments under his belt, Eric Svenson co-founded Broder in 2006 with his brother, Ben Svenson, and partner Dana Nielsen.
Prior to founding Broder, Eric Svenson and Nielson worked together at The Abbey Group, a prominent real estate development firm.
In an adaptive reuse project with a steadfast focus on sustainability, Svenson said, "We were faced with a unique construction question. What's to be done with all the demolition material? Partnering with a local Cambridge company named Green Goat; our contractor was able to recycle 88 percent of the materials once destined for a landfill. The 330 existing windows, for example, were carefully removed and shipped to Haiti to assist in their rebuilding effort."
Svenson believes that sustainability and luxury can not only coexist, but also enhance one another. From the oversized triple glazed windows that offer hours of natural light to the state of the art HVAC system that circulates fresh, clean air; private balconies or patios in every rental unit, to clean, contemporary finishes and open plan layouts — nearly every square inch has been designed and executed to exceed the highest standards.
The Wyeth also works with local vendors for a concierge service that lets residents have groceries delivered to their units, their cars washed on site, and pets walked.
All units have private parking spaces just steps from their doors, plus visitors spaces. There will be grill stations on the front lawn and on-site bike racks — with visitor bikes. There's a gym and private conference rooms. There will even be a specialty juice bar charging station for electric cars.
The market apparently likes the combination of luxury and sustainability. After less than a month, the Wyeth is almost 40 percent leased for the fall. One-bedrooms range from $3,300 to $3,500, while two, three- and four- bedroom units range in price from $4,400 to $5,000 per month.
Jennifer Athas is a licensed real estate broker. Follow her on Twitter @jenathas.
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