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Groundbreaking for 96-Unit Downtown Condo Project

BOSTON-A groundbreaking was held for Folio Boston at 80 Broad St., a 96-unit, 14-story luxury residential condo project being developed by 80 Broad Street LLC.

By Naomi Grossman | Updated on March 08, 2004

BOSTON-Construction has begun on Folio Boston at 80 Broad St., a luxury residential condo project being developed by 80 Broad Street LLC, an entity managed by Michael Rauseo, president of Suffolk Cos. Spaulding & Slye Colliersis the development manager, and arranged for the project’s $63 million in structured financing.

A groundbreaking was held for the high-rise building which consists of 135,000 sf with 96 units. The building is located between Franklin and Custom House Streets on the edge of the new Rose Kennedy Greenway in the city’s financial district. The 14-story building will feature 118 underground parking spaces, and 5,500 sf of high end ground floor retail. Units are being sold for prices ranging from $350,000 to two million dollars. Completion is scheduled for late 2005.

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