A seven-story building with 103 apartments is proposed for a parking lot in Brookline’s Coolidge Corner, but first it’ll need rezoning approval from Town Meeting voters, the Boston Business Journal reported. Developer Nordblom Co. is proposing a project with a mix of unit types between studios and three-bedroom apartments.
The site at 26 Pleasant St. stands just a block off Beacon Street and two blocks off Harvard Street, the main thoroughfares through the neighborhood. Nordblom has owned it for decades. However, the 0.6-acre site has long been used strictly as a surface lot, reported the Business Journal.
At the upcoming Town Meeting on May 26, voters will consider a proposal fora new residential overlay zoning district covering Pleasant Street. If the zoning is approved, the project would still have to get approval from the Planning Board and Zoning Board of Appeals to move forward, the Brookline News reported.
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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