FF Realty II LLC, an affiliate of Fairfield Residential, has purchased Brookview Village, a 28-acre land site in Marlborough.
Fairfield Residential will develop the now vacant lot across from Reilly Way and the Marlborough Technology Park on Ames Street with 225 luxury apartment homes in two four-story and two four/five split buildings, all with elevators.
CBRE/New England’s Simon Butler, executive vice president and partner, and Biria St. John, executive vice president and partner, exclusively represented the seller, Marlborough/Northborough Realty Trust, an affiliate of The Gutierrez Co., and procured the buyer.
Fifty-seven, or 25 percent, of the development’s units will be set aside for households earning up to 80 percent of the area median income under the state’s Chapter 40B statute. Of the 225 units, 117 will be one-bedroom units, 96 will be two-bedroom units and 12 will be three-bedroom units. Surface parking will be provided for all residents. The community will also feature a clubhouse with pool.
"This development is the culmination of many months of planning and permitting with the city of Marlborough," St. John said in a statement.
Construction is expected to begin later this year.



