Location: Revere Beach Parkway 1690, Everett, MA
Year of purchase: 2018
Ownership: 11%
Zoning: Commercial / Change of use to residential
Plot: 28,000 square meters
A single-tenant 5,000 sqm commercial building rented to Stop & Shop. A plan for 800 residential units is being promoted, which will appraise the property significantly. After the issuance of a permit for the residential project, Arledan and its partners will consider whether to keep the property and fully develop it, or finish the deal by selling the property as ready to build.
Recent Comments