Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy co-developed with The Planning Office for Urban Affairs. Residents have moved into both buildings
Acquired by Synergy in 2023, Altitude Worcester converted the former Fallon Health headquarters, an 11-story office tower, into 198 apartments. The delivery timeline was notably aggressive. Fallon Health did not vacate until its lease expired in March 2025, giving Synergy 16 months to complete the conversion.
“Altitude Worcester set out to prove that large-scale office-to-residential conversion could work in Massachusetts, and to do it with real, lasting affordability,” said David Greaney, Founder and CEO of Synergy. “Today, residents are calling 24 and 22 Elm home, and downtown Worcester has new neighbors supporting its restaurants and businesses every day.”
The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...
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Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...
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Brightshore Capital LP, formerly GTIS Partners, has acquired DŌMI, a newly constructed, 190-unit luxury multifamily property located at 29-24 40th Ave. in Long Island City, for slightly more than $143 million. The acquisition through Brightshore’s Opportunity Zone Fund II was financed with a $98.5-million loan from Affinius Capital. The seller was a joint venture of...
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