The New Residential Conversion Thread

In Cambridge,

"Tourbineau Real Estate Partners paid $25 million for the eight-story building at 955 Massachusetts Ave., a roughly 93,000-square-foot property located between Harvard and Central squares, BBJ reported. The firm is planning a conversion that could create between 125 and 150 residential units."

https://bostonrealestatetimes.com/s...-for-25-million-plans-residential-conversion/

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Ouch, previous owner paid $101 million in March 2020 and it's currently about 20% leased.

It is a bit of a hike from Central but things must be worse off than I had thought if something like this is trying to get converted.
 

MCPHS Plans 225 Student Bed Housing Conversion in Longwood Medical Area​


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MCPHS Plans 225 Student Bed Housing Conversion in Longwood Medical Area​

“MCPHS University plans to renovate and convert approximately 48,800 square feet of the existing Fennell-Iorio Building at 179R Longwood Avenue in Boston’s Longwood Medical and Academic Area from former research laboratory space leased by Mass General Brigham into student housing. The project will convert portions of five floors in the approximately 219,000-square-foot building into about 225 student beds, along with shared living amenities and support spaces. MCPHS is seeking an amendment to its 2014 Institutional Master Plan to incorporate the project, which the university said will help address strong demand for on-campus housing driven by enrollment growth and rising apartment rents in Boston…..”


MCPHS Plans 225 Student Bed Housing Conversion in Longwood Medical Area

MCPHS Plans 225 Student Bed Housing Conversion in Longwood Medical Area
www.bldup.com www.bldup.com
 
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