Upzoning Starts to Deliver Windfalls in Cambridge
As the Cambridge City Council debates additional upzoning to encourage multifamily development, recent real estate transactions illustrate the dramatic increases in developer interest.
Potential Cambridge Development Site Sold for $12.5M
A Chestnut Hill real estate investor acquired an office and retail property near Cambridge’s Porter Square for $12.5 million.
Cambridge Faces Basic Test in Affordable Apartments
Despite being a city that prides itself as a bastion of liberal values, Cambridge is in peril of flunking a test of basic human decency next month as it debates a proposed affordable housing development in Porter Square.
Porter Square is Getting a Rock and Roll Daycare
A Montessori-inspired daycare center will occupy the entire first floor of The Rand, a condo development by Cambridge-based Urban Spaces and StoneRiver Properties.
Rockland Financing Backs Porter Square Affordable Units
A $17.7 million financing package by Rockland Trust Co. will support development of a 40-unit affordable housing project in Cambridge’s Porter Square.
$28M Loan Supports Porter Square Redevelopment
A $28.35 million construction loan from a regional bank supported redevelopment of the St. James Episcopal Church in Cambridge’s Porter Square as a 46-unit condominium development.
Cambridge Bakery Redevelopment Gets $21.6M Mortgage
A bakery-turned-luxury apartment complex in Cambridge’s Porter Square has obtained $21.6 million in first mortgage financing.
Swedish Investor Adds To Cambridge Multifamily Portfolio
Akelius US LLC has acquired the Forest Court Apartments in Cambridge for $49 million from Forest Street Management of Boston.
