Image courtesy of Utile

A Fenway property that’s approved for a 28-story residential tower attracted a high bid of $28.1 million at a foreclosure auction Tuesday.

Housing developer Morro received approval in January for the 285,000 square-foot development, estimated at a project cost of $300 million. But before it could break ground, lender Mack Real Estate Credit Strategies scheduled a foreclosure auction through Paul E. Saperstein Co. on the $30 million mortgage.

A message was left with an attorney for the high bidder seeking additional details.

The nearly half-acre development site at 2 and 6 Charlesgate West includes a 56,000 square-foot office building. British student housing developer Scape bought it in 2019 for $39 million.

The project is approved for 400 residential units. A $3.2 million community benefits package approved by the Boston Planning & Development Agency includes a $500,000 payment to the Boston Parks & Recreation department and $300,000 to Fenway Community Development Corp.

The 2 Charlesgate development was proposed by Morro, an apartment specialist co-founded by Nigel Taee, chairman and founder of Scape, which developed the 1252 Boylston St. housing tower.

Approximately 30 people attended the public auction held Tuesday at the property.

Fenway Tower Site Trades for $28M at Auction

by Steve Adams time to read: 1 min
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