
94-Unit Development Opens in Union Square
A recently-completed project by a trio of Boston-area developers created 94 apartments on a former plumbing company headquarters on the outskirts of Somerville’s Union Square.
A recently-completed project by a trio of Boston-area developers created 94 apartments on a former plumbing company headquarters on the outskirts of Somerville’s Union Square.
Gentrification and displacement pressures have hit hard in East Boston amid a wave of condo conversions and apartment rent hikes in recent years.
Amazon and other ecommerce players aren’t the only ones on the hunt for vacant industrial and retail spaces to possibly convert into storage depots. And industry executives estimate the industrial-to-storage pipeline will accelerate as investors pour billions into it.
Trac 75, an 80-unit apartment complex in the Allston neighborhood, has sold for $42.5 million.
The 80-unit Trac 75 apartment complex in Allston has passed the 75 percent leasing threshold in just over three months on the edge of one of Boston’s most-watched development clusters.
Quincy-based Grossman Cos. Inc. has acquired two properties in East Boston and Somerville that are home to Citizens Bank branches.