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Attributes

Property Description

5.94-acre site at 35-45 Garvey Street in Everett, MA entitled for 591 units (561 market-rate, 30 affordable) and 7,400 SF of retail across 2 buildings.

Investment Highlights

  • JLL Capital Markets is pleased to present the opportunity to acquire a fully entitled, transit-oriented multi-family development site located in a qualified opportunity zone at 35 Garvey Street in Everett, MA, 2.5 miles from Boston’s urban core (the “Property” or “Project”).
  • Comprised of 5.94 acres in Boston’s fastest growing “inner core” community and within a 10-minute drive to Boston or 25-minutes to Boston’s North Station via the MBTA’s Orange Line, the Project has been approved for 591 luxury apartment homes located in two, seven-story buildings comprised of five wood-frame residential floors over a two-story podium containing 177 parking spaces as well as retail, lobby, bike storage, and amenity space. The program also includes a five-story, standalone parking garage with 811 spaces for a total of 1,006 parking spaces at the Project. The Project is designed with the option for a two-phased development.
  • Minutes from significant economic drivers and a host of amenity offerings including Encore Boston Harbor, Cambridge Crossing, Assembly Square, Everett’s Fermentation District, and Logan International Airport, the Property offers an exceptional opportunity to capitalize on the high demand for housing in a prime urban in-fill location.

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