16 Laurel Street, Everett MA

Announcement_LaurelSt_1200x900_0418_1.jpg

The Investment Sales Team at Senné is pleased to confirm the closing of 6+16 Laurel Street in Everett, MA, a Planning Board approved development comprising 26 residential units over at-grade parking. The planned four-story building will include four affordable units, and a unit mix comprising 22 two-bedroom and four one-bedroom units. The site is highlighted by superior multimodal access, providing direct access to the Northern Strand Community Trail, which when complete will allow biking to the Encore Resort and Assembly Square to the south, and Malden Center and the North Shore beaches to the north. 6+16 Laurel also sits just two-thirds of a mile from the Wellington Orange Line Station.

Representing the Seller in listing the fully-approved development opportunity, Senné procured a local developer from a pool of highly qualified institutional and private investors throughout the Northeast. To learn more about upcoming listings or to discuss disposition strategies for your investments, please contact the Investment Sales Team at 617.314.9400.

2072 Massachusetts Avenue, Cambridge MA

PORTER SQUARE DEVELOPMENT OPPORTUNITY

ABP_0731 e.jpg

CAMBRIDGE, MA -  Senné Commercial is pleased to present 2072 Massachusetts Avenue, a corner lot on Massachusetts Avenue and Walden Street in Cambridge. Located in Porter Square, this 8,514 sq.ft. development opportunity is well-situated for a range of projects. The existing City of Cambridge zoning allows generally for both commercial and residential uses and encourages retail.

The development site sits a few blocks from both Porter Square and Davis Square and the edges of Harvard Square are within a mile, making it a prime location for the revitalization of an underutilized site. There is a large amount of foot traffic in the area from the high density of shops and restaurants, which, combined with the proximity to university campuses and public transportation, makes this site an excellent opportunity for a commercial or mixed-use development.

MAP WITH LABELS.jpg

2072 Massachusetts Avenue is listed on an unpriced basis. Neither Seller nor Seller's broker make any representations regarding specific developable potential. Buyers to perform their own due dilligence. Drive-by visits are encouraged, but the current tenants should not be disturbed. Senné Commercial associates will be conducting tours of the property if necessary, with offers due on February 7th.

 

UPDATE: Senné is pleased to confirm the sale of 2072 Massachusetts Avenue in Cambridge, MA. Senné acquired the well-located Porter Square commercial asset for $3,100,000 in October of 2017. While managing the existing retail tenant, the property was repositioned after significant zoning and redevelopment work. After an efficient marketing process, several offers were solicited from regional developers. The property sold in April for $3,600,000, representing a significant short-term return.

Please contact Peter Senné at  (617) 763-4360 or at psenne@sennere.com, or contact Mark Carey at (781) 964-6236 or at mcarey@sennere.com to request more information.