Inventory Intel
The property’s location in the Agassiz neighborhood offers access to the MBTA Red Line station and Harvard University.
Developers plan to finalize the apartment building’s foundation and begin vertical construction within the next few weeks.
Nearly 50 units would be income-restricted, according to project plans. Retail spaces currently located on the ground floor of the building will remain.
This revitalization has been a long time in the making. The 1860s-era Keystone building housed a furniture store from 1914 to 1981 before being demolished in 2004.
The remaining units feature four bedrooms, five bathrooms, flex rooms, first-floor offices and finished basements across 3,406 square feet.
A new Green Line station in the city may only increase demand by providing residents with easier access to Boston.
Developers acquired the 42-acre site in 2019 and plan to transform some of the former industrial and lab buildings into a mixed-use waterfront district.
The 19 Attleboro units, include one-, two- and three-bedroom layouts across three contiguous buildings.
Built in 2015 as part of the Cambridge Crossing mixed-use district, Twenty20 features 355 apartments in a 20-floor tower.
The deal marks the New York-based company’s first foray into the Massachusetts market.
Griffith and Pepdjonovic received five offers for the property, attributing its popularity to a desirable brick exterior and limited supply in the Roslindale area.
Needham recently adjusted zoning restrictions in compliance with the MBTA Communities Act, making the project possible.
George Sarkis and Mark Doherty of The Sarkis Team at Douglas Elliman are leading sales at the project from GrayMac Properties.
The development’s two buildings overlook preserved streams and woodlands and offer access to amenities like a lawn, playground, dog park and outdoor fireplaces.
The six-story building will feature studio, one-, two-, and three-bedroom residences. Developers expect the project will be completed in 2028.
The Lexington development will feature one residential building and a structured parking garage with 444 spaces as well as a pool and playground.
