Newton, MA — Thursday, May 14, 2026 — Boylston Properties has closed on 78 Crafts Street in Newton, MA, in partnership with a leading institutional capital partner, marking a pivotal milestone in the development of a 295-unit multifamily residential community in one of Greater Boston’s most sought-after suburbs.

The project will be developed under a Chapter 40B Comprehensive Permit, with 20% of units designated as affordable housing for households earning up to 50% of the Area Median Income (AMI). Spanning approximately 272,000 rentable square feet, the development will comprise four residential buildings and a freestanding parking garage. Residents will enjoy approximately one acre of green space, a dog park, a public pergola, and an art wall seating terrace, along with generous indoor amenity spaces. Construction is expected to begin this summer, with first unit deliveries anticipated in early 2028. Construction financing for the project was provided by Wells Fargo and Eastern Bank.

“Reaching this milestone is a proud moment for our team and reflects years of thoughtful work and a commitment to getting this right,” said Andrew Copelotti, Principal at Boylston Properties. “We’re grateful for the engagement, care, and high standards that define Newton – they’ve helped shape a better project. We’re excited to begin construction this summer and deliver something that feels at home here: transit-oriented, design-forward, and built to last.”

The development is ideally situated just 0.25 miles from the Newtonville Commuter Rail Station, which is currently undergoing a $50 million renovation that will make it Newton’s first ADA-accessible commuter rail station with increased service frequency. Residents will be steps from a Whole Foods Market and a short walk from the shops, restaurants, and cultural offerings of Newtonville.

“Newton is one of the great suburban communities in Greater Boston, and a place we have long hoped to be part of,” said Mark Deschenes, President of Boylston Properties. “We’re committed to delivering a project that reflects the quality and character of this neighborhood, a place residents will be proud to call home and that contributes meaningfully to the fabric of Newtonville.”

The closing represents a significant addition to Boylston Properties’ growing Greater Boston portfolio, which includes Arsenal Yards, the one-million-square-foot mixed-use campus in Watertown spanning multifamily, life science, retail, and hospitality, two additional hotels in Boston, a longstanding collection of retail and office properties in Needham and Wellesley, and more.

About Boylston Properties
Boylston Properties is a Boston-based real estate developer focused on creating innovative mixed-use destinations that integrate work, life, retail, and community. Its portfolio includes residential, retail, office, hotel, and life science lab projects throughout Greater Boston and beyond, including Arsenal Yards in Watertown. With four decades of experience and a contemporary vision, their distinctive projects have become part of Greater Boston’s new urban landscape. For more information, please visit www.boylstonproperties.com.