Greystar has broken ground on the redevelopment of 437 Whittenton St. in Taunton, MA. The long-vacant Whittenton Mills site, which once held more than a dozen abandoned 19th-century buildings, was closed in December, with abatement and demolition beginning in January. Through modular construction, the site will be transformed into a 390-unit apartment community set to become the largest modular residential project in Massachusetts.
“As Greystar remains committed to helping increase housing supply in the Commonwealth, we look forward to continuing our work alongside the Taunton community to bring essential housing stock to the area,” said Ryan Souls, managing director of development at Greystar. “Delivered through our innovative Modern Living Solutions integrated platform, the Whittenton Mills project will be our first modular construction project in Massachusetts.”
Modern Living Solutions is a vertically integrated modular manufacturer within Greystar that is dedicated to redefining how multifamily housing is built. Although the method is new to Massachusetts, Greystar delivered its first modular housing community in Pennsylvania at the end of 2024 and has since built 1,734 modular units across the Northeast.
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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