New Owner of Stalled Newton Project Gets Construction Loan
The new owner of a 292-unit West Newton apartment development obtained $117 million in construction financing after acquiring the 3-acre site.
The new owner of a 292-unit West Newton apartment development obtained $117 million in construction financing after acquiring the 3-acre site.
Developer Robert Korff is selling off an approved development site for 292 multifamily units in West Newton and seeking changes that would potentially revive his stalled Riverside project.
Three abutters of a recently-approved 234-unit multifamily development in West Newton have filed a lawsuit challenging the permit, claiming the building heights and design represent a “radical contrast” to the existing neighborhood.
A CVS Pharmacy will anchor the ground-floor retail space at Trio Newton, the 140-unit Newtonville apartment complex led by Mark Development of Wellesley.
Developer Robert Korff’s newest plans to remake Newton’s Washington Street corridor include a $139 million apartment complex called Dunstan East on 11 parcels including the Barn shoe store property.