$39.6M Loan Secured for 31 Milk Street Residential Conversion
$39.6M Loan Secured for 31 Milk Street Residential Conversion
Further to my point here: https://www.bisnow.com/news/boston/...ut-financing-woes-leave-most-projects-stalledAnother notable data point from the article: "In Boston, developers have proposed converting some 2 million square feet of underutilized office space into residential projects. Less than 20 percent of the 2,331 units proposed for conversion have been built or are under construction."
Goes to show that our office to resi conversion "boom" is still mainly conceptual, not a reality for the market.
I’d rather they start over and go higherI'm all for restoring this side of the building and getting rid of this ugly wall of random windows
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