The Healey-Driscoll Administration has released an inventory of more than 450 acres of surplus state-owned land that could be used for the development of 3,500 new housing units across Massachusetts. The administration expects to make 17 additional sites available to developers in the next year, issuing Requests for Proposals for 10 sites and holding an auction for another seven sites in September 2025.
Gov. Maura Healey previously signed an Executive Order directing state agencies to develop the inventory, supporting the administration’s multi-pronged efforts to increase housing production and lower costs. Some 1,500 units are already under development on surplus state land.
“These 450 acres will be turned into thousands of new homes that families, seniors and workers can actually afford,” said Healey. “We are already getting shovels in the ground for thousands of these units, and we’ll continue to work closely with several developers to get even more projects started.”
Trademark Property Company and Morgan broke ground yesterday on a 362-unit Class A multifamily community at 3900 Lemmon Avenue in Dallas’ Oak Lawn neighborhood, adjacent to Turtle Creek. The first residences are expected to be completed in fall 2028, with full delivery in the second quarter of 2029. Costs for the project are estimated at $100...
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CP Group, The Georgetown Company and fund manager ACRE, together with investment partner StepStone, acquired Mizner Park in downtown Boca Raton. Brookfield Asset Management was the seller. The acquisition of the 838,840-square-foot office, retail, and residential property represents a full-circle moment for CP Group, which originally developed Mizner Park between 1991 and 1999. Mizner Park...
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Greystar has plans to build a 340-unit apartment complex in Chamblee. The company spent $11.5 million on 7 acres at 5220 Peachtree. Chamblee officials selected the two firms in 2024 to pursue the project that was previously on city land. The Downtown Development Authority was the seller. The Atlanta Business Chronicle reports that Greystar is...
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