Massachusetts

Maxwell-Everett-Massachusetts

EVERETT, MASS. — South Carolina-based developer Greystar has begun welcoming residents to  Maxwell, a 384-unit apartment community in Everett, a northeastern suburb of Boston. Designed by CBT, Maxwell represents the second phase of a larger development at 85 Boston St. and consists of 355 market-rate apartments, 29 affordable housing units, a 460-space parking garage and 6,450 square feet of ground-floor retail space. Floor plans feature studio, one- and two-bedroom layouts. Amenities include a pool, gym, lounges, coworking spaces and outdoor grilling stations. Rents start at $2,300 per month for a studio apartment. Construction began in late 2022.

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100-Minuteman-Park-Andover

ANDOVER, MASS. — Locally based investment firm The Davis Cos. has acquired a 308,970-square-foot office and life sciences facility in Andover, a northern suburb of Boston. The building at 100 Minuteman Drive houses the headquarters of both dental products provider Straumann Manufacturing Inc. and law firm Zwicker & Associates. Building amenities include an interior courtyard, fitness center and an onsite café. Newmark represented the undisclosed seller in the transaction.

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NEEDHAM, MASS. — A partnership between regional owner-operator Wingate Living and WL Development has broken ground on a 69-unit seniors housing project in Needham, a western suburb of Boston. One Wingate Way East will offer one- and two-bedroom units and amenities such as a pickleball court, rooftop lounge and grille, a golf simulator, art workshop, yoga and spin studios, library and a bistro bar with personal wine lockers. The property is 75 percent preleased and is slated for a spring 2026 completion.

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The-305-Waltham

WALTHAM, MASS. — Alliance Residential has completed The 305, a 314-unit multifamily project in Waltham, a western suburb of Boston. The 305 features one-, two- and three-bedroom apartments that are furnished with stainless steel appliances, quartz countertops, custom cabinets and individual washers and dryers. The amenity package comprises an outdoor pool; two-story fitness center with private cardio rooms; work-from-home lounges with dedicated breakout rooms; a shuttle and transit lounge; exterior courtyard with grill stations and lawn games; a speakeasy-inspired clubroom and lounge with an outdoor sky deck; a tenant-only playground and service spaces; a secured package room with cold storage; and two pet spas. Rents start at approximately $2,650 per month for a one-bedroom apartment, according to the property website.

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21-Parker-Drive-Avon-Massachusetts

AVON, MASS. — B&D Holdings has purchased a 109,300-square-foot industrial building in Avon, a southern suburb of Boston, for $18.5 million. Built in 1972, the building at 21 Parker Drive features clear heights of 17 to 32 feet, 135-foot truck court depths and more than an acre of outdoor storage space. Michael Restivo and David Coffman of JLL represented the seller, a partnership between Oliver Street Capital and Bain Capital Real Estate, in in the transaction. Thomas Didio Jr., Amy Lousararian and Max Custer, also with JLL, arranged a three-year, fixed-rate acquisition loan through Provident Bank on behalf of B&D Holdings. At the time of sale, the property was fully leased to tenants such as Taylor Communications, HelloFresh and FreshPoint.

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900-Morrissey-Blvd.-Boston

BOSTON — MassHousing has provided an undisclosed amount of financing for an affordable housing redevelopment project in Boston. The project will convert the former Comfort Inn at 900 Morrissey Blvd. in the Dorchester area into a 99-unit apartment complex whose units will be reserved for households earning 30 percent or less of the area median income. The Community Builders is the developer of the project, which will include office and community spaces on the ground floor. Other project partners include BWA Architecture and Commodore Builders. Financing for the project stems in part from a $24 million bond issued by MassHousing that was purchased by Eastern Bank. Completion is slated for mid-summer 2025.

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BOSTON — Marcus & Millichap has brokered the $9 million sale of Spring Street Apartments, a 32-unit multifamily building located in the West Roxbury area of Boston. The elevator-served building was originally constructed in 1965 and offers two studios and 30 one-bedroom apartments. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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NATICK, MASS. — Bosse, an entertainment concept that combines pickleball with food and drinks, has opened a 97,000-square-foot venue in Natick, a western suburb of Boston. The site is adjacent to Natick Mall and formerly housed a Neiman Marcus department store. Bosse features 21 courts and a dedicated fitness and wellness space, as well as lounge areas, a sports theater, dart lounges, a cold plunge pool, retail space and golf simulators. The Bulfinch Cos. owns the property.

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BOSTON — Charlotte-based commercial lender Barings has provided a $115 million loan for the refinancing of the 471-roomRenaissance Boston Seaport Hotel. Built in 2008 and set to be renovated next year, the hotel offers amenities such as 21,000 square feet of meeting and event space, a 10,700-square-foot ballroom, club lounge, recently renovated fitness center, an indoor pool and several food-and-beverage outlets. Eastdil Secured arranged the loan on behalf of the borrower, a joint venture between affiliates of Rockpoint, Highgate and hotelAVE.

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CAMBRIDGE, MASS. — Locally based design-build firm TRIA has completed the build-out of a 50,000-square-foot life sciences space in Cambridge, located across the Charles River from Boston. The space is a build-to-suit for biopharmaceutical user Korro Bio, which develops therapies for patients with a range of diseases, and features a multitude of flexible workspaces, meeting and collaboration areas and designated lab facilities. The building is located at 60 First St. and is a redevelopment of a former Sears facility.

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