Everett Infill and Small Developments

I really wish they'd run the development name through a spell-checker first, though.

(unless V10's marketing department has turned into Shrewsbury history stans, in which case I approve)
 

Everett Development Site Trades for $4.7M​

“A Newton-based LLC has acquired 376-378 West Third Street in Everett for $4,718,000. Recently approved plans for the 1.5-acre site call for a 120-unit multifamily project.”

third street


https://www.bldup.com/posts/everett-development-site-trades-for-4-7m
 

Permit Pulled for Everett Multifamily​

“MGR Enterprise LLC has pulled a permit to begin work on a 5-story multifamily project at 319 Broadway in Everett. Plans call for a 20-unit project with 8 parking spaces. A single-family home that had been on the site has already been demolished.”

319


https://www.bldup.com/posts/permit-pulled-for-everett-multifamily
 
Everett winning as usual.


Additional Units Proposed for Everett Development​

“After acquiring the property in July for $4,718,000, the new developer behind 376 Third Street in Everett, has submitted updated plans for the project. The modification to the project will increase the unit count from 120 units to 134 units and add 2,586 s.f. of retail/restaurant use. The additional residential units will also increase the affordable unit count from 12 to 14 units. Plans also call for more amenity space to now include a pool and dog park.”

https://www.bldup.com/posts/additional-units-proposed-for-everett-development

1725461619546.png
 
stick n move said:
Everett winning as usual.


Additional Units Proposed for Everett Development​

“After acquiring the property in July for $4,718,000, the new developer behind 376 Third Street in Everett, has submitted updated plans for the project. The modification to the project will increase the unit count from 120 units to 134 units and add 2,586 s.f. of retail/restaurant use. The additional residential units will also increase the affordable unit count from 12 to 14 units. Plans also call for more amenity space to now include a pool and dog park.”

https://www.bldup.com/posts/additional-units-proposed-for-everett-development

View attachment 55057
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I love, love, LOVE the additional units.........it's still Bella Abzug/Walter Matthau Ugly. I mean, THAT level of ugly takes some effort.
 

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Love to see it, if only more neighborhoods would allow single family home plots to densify 20:1...
 
stick n move said:
52 School Street in Everett Approved
Rise-Everett.jpg

“RISE’s School Street project will add to the housing uptick in the area, bringing 46 rental housing units including studios, 1-Bedroom, and 2-Bedroom unit options, all within a 4-story residential building. 7 of the 46 rental units will be designated as affordable and will be available to individuals and families earning up to 80% of the area median income (AMI).”

https://bostonrealestatetimes.com/52-school-street-in-everett-approved/
Click to expand...
Progress so far;
 

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50 Unit Project Planned Along Broadway in Everett​

“Plans are under review for a 5-story mixed-use project at 749 Broadway in Everett. The new building would include 50 residential units with roughly 3,700 square feet of retail space. Units would include a mix of 20 studios, 22 one-bedrooms & 8 two-bedrooms.”

749 broadway

https://www.bldup.com/posts/50-unit-project-planned-along-broadway-in-everett
 

270+ Unit Project Planned in Everett's Commercial Triangle​

“A.W. Perry is planning a 7-story mixed-use project to replace a pair of industrial properties at 373 Second Street & 15 Garden St. in Everett's Commercial Triangle. The new building would include 273 apartments with 3,500 square feet of retail space and garage parking for 339 vehicles. A.W. Perry acquired the Second Street property in 2017 for just under $3.5M and the Garden Street property in 2021 for $2.4M.”

373 2nd

https://www.bldup.com/posts/270-unit-project-planned-in-everett-s-commercial-triangle
 

270+ Unit Project Planned in Everett's Commercial Triangle​

“A.W. Perry is planning a 7-story mixed-use project to replace a pair of industrial properties at 373 Second Street & 15 Garden St. in Everett's Commercial Triangle. The new building would include 273 apartments with 3,500 square feet of retail space and garage parking for 339 vehicles. Plans also show a resident lounge, fitness center, and a pool. A.W. Perry acquired the Second Street property in 2017 for just under $3.5M and the Garden Street property in 2021 for $2.4M.”

second


second

https://www.bldup.com/posts/270-unit-project-planned-in-everett-s-commercial-triangle
 

$4M+ Construction Loan Secured for Everett Multifamily​

“MGR Enterprise has secured a $4,675,000 construction loan through Everett Co-Operative Bank for 319 Broadway in Everett. In July the developer secured a permit to construct a 5-story 20-unit multifamily building on the site. The development would feature 3 inclusionary units and 8 parking spaces.”



319

https://www.bldup.com/posts/4m-construction-loan-secured-for-everett-multifamily
 
stick n move said:

$4M+ Construction Loan Secured for Everett Multifamily​

“MGR Enterprise has secured a $4,675,000 construction loan through Everett Co-Operative Bank for 319 Broadway in Everett. In July the developer secured a permit to construct a 5-story 20-unit multifamily building on the site. The development would feature 3 inclusionary units and 8 parking spaces.”



319

https://www.bldup.com/posts/4m-construction-loan-secured-for-everett-multifamily
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Do you know if this is the total cost for the project? Or is a project like this expected to take multiple loans.

At around 230k per unit, it sounds substantially lower than the Everett greystar project, even though they had the benefit of building like 2000 units at once.
 
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