By Grant Welker
Everett Sees Rapid Residential Growth
Everett’s residential market continues to expand with the opening of two new apartment complexes: Jade (325 units) in the Commercial Triangle and Artemas (396 units) just north of Santilli Circle near local breweries and businesses. The city of roughly 52,000 has experienced rapid growth due to its proximity to downtown Boston and the redevelopment of former industrial areas.
Most growth is concentrated in the Commercial Triangle, which developer Greystar is rebranding as Everett Triangle. Greystar has built multiple residential projects in the area, including:
- Mason – 330 units, fully leased in 2023
- Anthem Everett – 450 units, about two-thirds leased
- Maxwell – 384 units, roughly half leased
- Jade – 325 units, roughly half leased
- Juniper – 416 units under construction next to Jade
Additional developments coming online include Second & Vine (370 units), a 108-unit project at 676 Third St., Hanover Everett (340 units), and a smaller 27-unit project at 535 Second St. Greystar is also planning a 390-unit development in Taunton.
Greystar’s focus on Everett grew organically. After successfully building Mason, the company identified opportunities on surrounding industrial sites and found strong demand from Boston-area residents in a tight housing market.
Ryan Souls, senior director of development at Greystar, said, “We didn’t decide on day one we were going to build 1,905 units,” noting that the neighborhood is beginning to take shape as a cohesive community.