An affiliate of real estate firm Synergy has filed an application to turn an 11-story building at 294 Washington St., immediately next to Old South Meeting House in Downtown Crossing, into 255 apartments use while keeping the existing ground-floor retail. The Boston Business Journal reported that it is the largest project to seek city tax incentives under Boston’s office-to-residential conversion program.
It is also the first such project in Boston involving Synergy, which otherwise has been known primarily for acquiring office buildings at significant discounts in the past few years and investing in new amenities. The firm has spoken in support of the conversion program, which Mayor Michelle Wu launched in 2023.
The site sits at a highly visible spot on the northern end of Downtown Crossing. The building, which dates to the early 1900s and wraps around the meeting house to Milk Street, is described in permitting applications as “predominantly vacant.”
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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