Apartment Redevelopment Financed

| June 18, 2019

21 East Street in North Attleborough

Boston –  Boston Realty Advisors, an independently-owned real estate advisory and brokerage firm in Massachusetts, secured a $30.9 million construction loan for the ground up redevelopment of 21 East Street in North Attleborough, a Class A apartment property consisting of 193 market-rate apartment units and approximately 11,500sf of retail.

The redevelopment is replacing the dilapidated L.G. Balfour Building situated within one of the two designated North Attleborough Opportunity Zones. It is unanimously supported by the local municipality and the first Opportunity Zone development to be this far along in the Commonwealth.

The transit-oriented development sits on 4.3 acres and will include a fitness facility, a new restaurant, outdoor parking, and shuttle service to multiple MBTA stations.  With 193 units throughout four individual buildings, phased delivery will begin in the first quarter of 2020.

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Category: All, Multi Residential

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