THE DEAL SHEET
The Hudson Group North America plans to start construction on a $105M residential project at 120 Kingston St. by mid-2011 and complete the work in two years. The rental and ownership housing with 5,300 SF of retail is being designed by Elkus Manfredi and won final Boston Redevelopment Authority approval.***
Kensington Realty Trust will start construction next spring on a $16M, 30k SF commercial building at 93 Mass. Ave on the corner of Newbury Street. The $16M project is the renovation of an existing structure and the addition of 65' along the side and back of the site.
Next spring, The Boston Housing Authority will start construction on $15.7M of renovations at the 294-unit Heritage Apartment Complex in East Boston with Mostue & Associates Architects. The six months of work will resolve masonry and energy issues on the buildings? exterior envelope. Residents are elderly or disabled, except those in the 20 Clippership units on Clippership Lane.
The Boston Housing Authority plans to start a $7M renovation of the Lower Mills Apartments in Dorchester mid-2011 with Mostue & Associates Architects. It will upgrade the masonry and energy efficiency of the 177-unit public housing development at 2262 Dorchester Ave.
Acella Construction started to build a new Community Nursery School in Lexington at 2325 Mass. Ave. The new layout will have classrooms off a central hallway, meeting space, a library, art studio, and music area. LDa Architecture is doing the design.
|Hostelling International-Boston has selected Suffolk Construction to renovate the historic landmark at 25 Stuart St. adjacent to Chinatown and the Theatre District. The renovation of 55k SF in the six-story Dill Building, which is individually listed on the National Register of Historic Places, was designed by Bergmeyer and Stegman + Associates incorporating many green technologies such as a green roof, green elevators and solar hot water heating. The building itself will serve as a ?green classroom? for 46,000 annual visitors, 60% from outside the US and many visiting Boston for the first time.|
|Leasing Electronics Recyclers International of Fresno, Calif. leased 100k SF of industrial space at 89 Cross St. in Holliston, a surplus Avery Dennison packaging and distribution facility. NAI Hunneman?s Cathy Minnerly, Mike DiGiano, David Gilkie, Michael McCarthy, and Neil Sogard repped ERI on its five-year lease with expansion rights and extended term options.*** |
The Nature Conservancy, Massachusetts Chapter leased 15k SF at 99 Bedford St. in Boston represented by CresaPartners'James Topper and Brandon Leitner. At this new location, the Conservancy is consolidating two offices to occupy the entire fifth floor. Jones Lang LaSalle's Ted Wheatley and Brad McGill repped the landlord, Plymouth Rock Assurance.
Zapp-East leased 8,500 SF at 1 Walpole Park South Dr. in Walpole from landlord John D. Murphy Co. Located on Route 1, approximately one mile off Interstate 95, the 105k SF industrial building is in a 466k SF multi-tenanted park. Kaplan Commercial's Rick Kaplan was at the table for the tenant and Hunneman?s Cathy Minnerly repped the landlord.
MassDevelopment has provided a $100k loan to Santapaola Wharf, the owners of the wharf off East Main Street in Gloucester, to replace piles and deteriorated decking. Operational since 1874, the wharf is vital to the commercial fishing industry. The Santapaola family, which purchased it two years ago, fish mostly cod and use the wharf to house their fishing boats. Renovations will also provide additional docking space for other commercial and recreational boats.
Bierbrier Development recently completed $6.6M in refinancing for Arlington Village Shops shopping center in Arlington. John Hancock Financial provided the financing for the expanded 25k SF shopping center. Goedecke & Co.?s Shawn Herlihy arranged the financing.
Campanelli Cos. purchased a 31k SF industrial building at 10 Latti Farm Rd. in Millbury with $3.5M in acquisition financing arranged by EagleBridge Capital.