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FAITS SAILLANTS DE L'INVESTISSEMENT
- Strategic Urban Infill Location
- Located in an Opportunity Zone
- Institutional Submarket
- Supportive Zoning & Clear Permitting Path
- Low Inclusionary Rent Requirement
- Amenity Rich Neighborhood
RÉSUMÉ DE L'ANNONCE
Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire 114 Spring Street, a transit oriented multifamily development opportunity located in Everett, Massachusetts, just minutes north of Downtown Boston. The Property is prime for multifamily development with conceptual designs calling for 170 studio and one-bedroom apartment units, 126 garage parking spaces, 7,500 square feet of amenity space and 2,200 square feet of retail in a seven-story building (5 levels of wood framing over a 2-level steel podium).
Surrounded by significant economic drivers and a host of amenity offerings including Encore Boston Harbor, Cambridge Crossing, and Assembly Square, the Property offers an exceptional opportunity to capitalize on the high demand for housing in an urban in-fill location. Residents are moving to Everett to take advantage of the relative discount to downtown living, proximity to work, rapidly improving amenities and commutability of the location.
The Property is located just ½ mile from the Chelsea MBTA Silver Line (SL3) Station, which provides direct access to Boston’s Seaport District, South Station and Logan International Airport (6 minutes). Chelsea Station also features a Commuter Rail stop that provides immediate access to Boston’s North Station. Chelsea Station is the only transit hub in Greater Boston that provides both South Station (Silver Line) and North Station (Commuter Rail) connectivity. 114 Spring
Street also has immediate access to Route 16 and is four minutes from Route 1, with connections to I-93, I-90, and I-95.
Surrounded by significant economic drivers and a host of amenity offerings including Encore Boston Harbor, Cambridge Crossing, and Assembly Square, the Property offers an exceptional opportunity to capitalize on the high demand for housing in an urban in-fill location. Residents are moving to Everett to take advantage of the relative discount to downtown living, proximity to work, rapidly improving amenities and commutability of the location.
The Property is located just ½ mile from the Chelsea MBTA Silver Line (SL3) Station, which provides direct access to Boston’s Seaport District, South Station and Logan International Airport (6 minutes). Chelsea Station also features a Commuter Rail stop that provides immediate access to Boston’s North Station. Chelsea Station is the only transit hub in Greater Boston that provides both South Station (Silver Line) and North Station (Commuter Rail) connectivity. 114 Spring
Street also has immediate access to Route 16 and is four minutes from Route 1, with connections to I-93, I-90, and I-95.
FAITS SUR LA PROPRIÉTÉ
| Type de vente | Investissement | Utilisation proposée | Commercial |
| Nombre de lots | 1 | Taille totale du lot | 2,48 AC |
| Type de propriété | Terrain | Nombre d’étages | 2 |
| Sous-type de propriété | Terrain industriel | Zone de développement économique |
Oui
|
| Zonage | C - Commercial | ||
| Type de vente | Investissement |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Terrain industriel |
| Utilisation proposée | Commercial |
| Taille totale du lot | 2,48 AC |
| Nombre d’étages | 2 |
| Zone de développement économique |
Oui |
| Zonage | C - Commercial |
1 LOT DISPONIBLE
Lot
| Taille du lot | 0,95 AC |
| Taille du lot | 0,95 AC |
1 1
Walk Score®
Très pratique à pied (82)
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 1 565 106 $ CAD | |
| Évaluation du terrain | 5 029 779 $ CAD | Évaluation totale | 6 594 885 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
5 029 779 $ CAD
Évaluation des bâtiments
1 565 106 $ CAD
Évaluation totale
6 594 885 $ CAD
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114 Spring St
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