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.