Harvard University, Tishman Speyer and Breakthrough Properties were joined on June 23 by Mayor Michelle Wu and a host of university, elected, local community and business leaders to cut the ribbon on the first phase of the Enterprise Research Campus (ERC), a nine-acre mixed-use development in Boston’s Allston neighborhood.
The first phase of the ERC, a development led by Tishman Speyer and Breakthrough in partnership with the Harvard Allston Land Company, includes One Milestone, a laboratory building anchored by Roche; a 343-unit apartment property; a boutique hotel; a conference center; 40,000 square feet of retail and restaurants; and more than two acres of publicly accessible open space anchored by the new Allstonway.
“With the ERC, we have created a world-leading innovation environment that will complement and accelerate cutting-edge research taking place at Harvard and the surrounding region,” said Breakthrough CEO Dan Belldegrun. “With Roche Genetech’s innovation center as its anchor, One Milestone will produce dynamic partnerships between academia and industry, paving the way for countless life-changing discoveries.”
PCCP provided a $71 million senior construction loan to a joint venture between EMBREY Partners and Southstar Development for the development of Crossings Boulevard, a 360-unit apartment community located at 4101 Legacy Point Trail in Spring Hill, TN. Completion of the project is anticipated for Q1 2028. Spring Hill is about a half hour from...
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Western Wealth Capital (WWC) acquired two Tennessee apartment communities; the River City North Apartment Homes in Chattanooga, Tennessee, and Meadow Creek Apartment Homes in Goodlettsville, Tennessee, just north of Nashville. WWC and its investment partner, FSO Capital Partners (FSO), closed on the 192-unit portfolio for a purchase price of $20.7 million. The transaction was brokered...
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An affiliate of Hathaway Development has started work on The Exchange at Wyle Oaks, a 325-unit apartment community is Apopka, near Orlando. The project is one of the first at the 215-acre Wyld Oak mixed-use project. Financing for the approximately $71 million development includes a $47 million construction loan from Ameris Bank and $22 million...
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