FRAMINGHAM, MASS. — Marcus & Millichap has arranged the $16.5 million sale of Rose Garden Apartments, a 72-unit community in the western Boston suburb of Framingham. Evan Griffith, Tony Pepdjonovic and Jeremy Buckley of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity. Rose Garden Apartments rises three stories. The building offers studio, one- and two-bedroom units, 21 of which were recently renovated.
NEWTON, MASS. — Newton-based 2Life Communities has promoted Zoe Weinrobe to the role of chief of real estate. In this role, she will oversee the company’s development projects. 2Life Communities’ current developments include Opus Newton, the redevelopment of the J.J. Carroll Apartments in Brighton with the Boston Housing Authority, and Brooke House at Olmsted Village in Mattapan, Massachusetts. Weinrobe originally joined 2Life Communities in 2016. Prior to this, she served as vice president at Recap Real Estate Advisors. Weinrobe also worked at Urban Edge CDC, the Cambridge Housing Authority, and the …
BOSTON — WinnCos. has promoted three employees to vice president roles in its property management, sustainability and development functions. Michael Milko was promoted to the role of executive vice president at WinnResidential, a subsidiary of WinnCos. Milko joined the company in 1995. He now oversees the management operations of approximately 5,000 residential units across 40 properties in the Northeast and Mid-Atlantic. Christina McPike was promoted to Vice President of Energy & Sustainability. In this role, she will oversee new construction, historic adaptive reuse and deep energy retrofit projects. According to WinnCos., McPike …
SHREWSBURY, MASS. — MassHousing has provided $21 million in financing for The Pointe at Hills Farm, a 93-unit mixed-income community in Shrewsbury. The financing consists of a $10.3 million permanent loan, $7.9 million in tax credit equity and $2.8 million from the agency’s workforce housing initiative. WinnCos. is the borrower and developer. The Pointe at Hills Farm will comprise two three-story buildings. Of the total unit count, 56 will be reserved for households earning 30 to 60 percent of the area median income, and 21 units will be designated as …
HUDSON, MASS. — TruAmerica Multifamily has acquired J Highlands at Hudson, a 158-unit community located at 307 Central Street in Hudson, a city in Boston’s MetroWest region. Walker & Dunlop’s Mike Coyne, Travis D’Amato, Maggie McFarland and Brendan Shields represented the seller in the deal. Russell Dey and Trevor Fase negotiated acquisition financing. The transaction price and seller were not disclosed. J Highlands at Hudson was originally built in 2005. Amenities include a pool, dog park, package lockers, fitness center, clubhouse and community kitchen. TruAmerica Multifamily plans to rebrand the …
AMHERST, MASS. — Largo Capital has arranged a $17 million construction loan for a 67-unit multifamily project in Amherst, approximately 90 miles west of Boston. Largo Capital is a financial intermediary based in northern New York. Ned Perlman arranged the financing. The names of the direct lender and borrower were not disclosed. The property will offer one-, two- and three-bedroom units, as well as 7,000 square feet of ground-floor commercial space.
MEDWAY, MASS. — Toll Brothers has completed Hathon, a 190-unit complex in Medway, southwest of Boston. Cube3 Architects designed the property. Mary Cook Associates provided interior design services. Hathon offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Select units offer private balconies or patios. Amenities include a pool, game room, fitness center, playground, catering kitchen, coworking lounge and a rooftop deck.
BOSTON — Cottonwood Group, a Los Angeles-based private equity real estate firm, has provided $240 million in senior mortgage financing for the St. Regis Residences in Boston’s Seaport District. The borrower was Cronin Development. The high-rise development features 114 apartments across 22 stories. Amenities include a pool, spa, fitness center, lounge, concierge services and an onsite restaurant.
MARLBOROUGH, MASS. — Wood Partners has broken ground on Alta French Hill, a 276-unit community in Marlborough. Situated at 303 Lincoln Street and neighboring the Assabet River Rail Trail, Alta French Hill will offer one-, two- and three-bedroom layouts. Amenities include a fitness center, resident lounges, two courtyards with a pool, games, grilling areas and a dog park. The property also includes 10,000 square feet of retail space. The project is slated to begin pre-leasing in 2024, with first move-ins expected in February 2025. Wood Partners also plans to develop …
FRAMINGHAM, MASS. — Marcus & Millichap Capital Corp. has arranged a $5 million Freddie Mac acquisition loan for The Grant Street Complex, a 26-unit community in the Boston suburb of Framingham. Robert Bhat of Marcus & Millichap originated the financing. The borrower and direct lender were not disclosed. The Grant Street Complex offers one-, two- and three-bedroom apartments.