Colliers arranged the $8.75 million sale of 1590 Blue Hill Ave., a 1.63-acre site in Boston’s Mattapan neighborhood. A partnership between the Planning Office for Urban Affairs, a nonprofit housing developer affiliated with the Archdiocese of Boston, and JGE Development acquired the property from the McKeen family.
The partnrship has secured city approvals for a six-story building with 105 affordable homes. The McKeen family operated a successful auto repair business at the site dating back to 1976.
Colliers EVP Jeanne Pinado has advised the McKeen family over the past two and a half years since Colliers was engaged to market the property. Her experience developing multifamily properties in Boston was key to marketing the site to developers of affordable and mixed-income housing.
“I am proud of my role in the eventual development of 105 affordable homes for Boston families by the Planning Office for Urban Affairs, which is serving as a catalyst for social justice through its work in housing development and neighborhood revitalization,” said Pinado. “This project will carry forward the McKeen family’s decades-long commitment to Mattapan.”
The median asking rent for New York City apartments reached a record $3,785 in the third quarter of 2026, up $162, or 4.5%, from a year ago, while buying a median-priced home cost $6,952 more per month than renting. With mortgage rates above 7%, the estimated monthly cost of that home would rise to about...
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Gilbane Development has broken ground on The Southern Gateway, the first phase of “Elevate WKU,” a transformative $350 million public-private partnership with Western Kentucky University (WKU) to reimagine its on-campus housing. “With shovels now in the ground, Elevate WKU is one step closer to revitalizing aging campus infrastructure and delivering a modern, community-focused campus experience...
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Kidder Mathews has arranged the sale of a 54,886-square-foot multifamily development site at 9755 NE Juanita Drive in Kirkland, Washington. Dylan Simon, Jerrid Anderson, and JD Fuller of the Simon | Anderson Multifamily Team represented the seller, an institutional developer, and served as the sole brokers in the transaction. Located in Kirkland’s Juanita neighborhood, the...
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