Boston Planning Board Okays Tax Breaks on Four Residential Projects
The Boston Planning & Development Agency board has approved tax breaks for four residential developments totaling 1,400 units, reported the Boston Business Journal. The proposals make official a proposal made last month by Mayor Michelle Wu’s administration, with a combined $31 million in tax breaks to two Allston developments and others in Brighton and Charlestown. Wu has proposed spending upwards of $100 million on such tax breaks.
The four projects include One Mystic Ave. in Charlestown, 22-24 Pratt St. in Allston, 83 Leo M. Birmingham Pkwy. in Brighton and Allston Yards Building D. The Wu administration has said it chose those developments because they already received permitting approval and needed only tax aid to become financially feasible.
The incentives will begin only after construction is complete, the Business Journal reported. They can be in place over a five- or 10-year period, giving developers flexibility.
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Markham 873-Unit Development Site Sold Under Receivership
A fully approved Markham development site slated for 873 rental units has changed hands after its owner was pushed into receivership with nearly $40M owing to its first mortgage lender. The 0.95-acre property at 7115 Yonge St. and 8-14 Grandview Ave., just north of Steeles Avenue, was owned by TerraBona 7115 Yonge and envisioned as...
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229-Unit Lawton Multifamily Community Trades Hands
The Multifamily Group (TMG) announced the sale of Country Club View, a 229-unit multifamily community located in Lawton, Oklahoma. Originally constructed in 1966, the property is situated along West Gore Boulevard in the West Lawton submarket, adjacent to the Lawton Country Club. TMG’s Yonnic Land represented both the buyer and seller in the transaction. TMG’s...
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Canadian Housing Recovery Stalls As Sales Fall 2.3% In September
Canada’s tentative housing recovery stumbled into fall, with September home sales dropping 2.3% from August and the Canadian Real Estate Association sharply cutting its outlook for the rest of the year. Actual sales were 7.7% below September 2025, while the national MLS Home Price Index slipped 0.4% from August and 3.4% year over year. The...
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Northgate Real Estate Group
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Essex Property Trust, Inc.
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Josh A
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