Renters who move into Burlington’s newest apartment address won’t exactly find your typical suburban neighborhood.
Neighbors of the new Tremont complex will include Wegmans, Kings, and tech giant Oracle’s Route 128 campus.
Burlington-based Nordblom Development Co. is the latest to take advantage of a growing trend that is seeing new apartments and condos take shape in suburban technology and office parks.
The developer is preparing to open the new, 180-unit Tremont next spring in the heart of Northwest Park, a 1960s-era suburban office center, which Nordblom has been in the process of transforming by adding retail, shopping, and other amenities.
A second building, with 120 apartments, is now planned for 2017.
The aim is to attract a mix of young professionals and empty nesters with an interest in urban living who are looking for an alternative to pricey, downtown Boston or Cambridge digs, noted Todd Fremont-Smith, senior vice president for development at Nordblom.
The new apartments will take shape around the corner from a new Wegmans and next door to a “restaurant row’’ that includes dining hotspots like Redstone, PAUL Bakery, Osteria Nino and The Bancroft, part of a crop of new restaurants turning Burlington into an “emerging culinary destination,’’ according to The Boston Globe.
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See renderings of the coming apartment buildings and photos of their surroundings:
The company plans to rent the apartments out at under $3 a square foot, or about $2,800 for the average, 1,000-square-foot unit.
“It’s a lot, but it’s not $4,800 downtown,’’ Fremont-Smith said.
Nordblom also wants to compete on space as well, offering larger apartments than you’ll get in the city as well. One-bedroom apartments will be in the 800 square foot range, while two bedrooms will go up to 1,200 square feet.
“They are not micro units – they are decent-sized units,’’ he said.
The company’s target market is a mix of young professionals and empty nesters, among others.
The common link is a desire for more of an urban feel without the high-prices and other hassles of actually living downtown.
“We are anticipating a pretty good response from the empty nester crowd,’’ Fremont-Smith said. “Maybe they want to sell their house and they want a sense of urbanity, but don’t want to move downtown.’’