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Boston Realty Advisors reports it has secured a $30.9-million construction loan for the ground up redevelopment of 21 East St. in North Attleborough, into a Class A apartment property that will consist of 193 market rate apartment units and approximately 11,500 square feet of retail.
The project at 20 Clinton St. will involve a six-story vertical addition to the garage that according to the BPDA will feature approximately 209 residential units, including 27 income-restricted units.
The largest recent transaction was with Silversmith Capital Partners, which signed a 26,000-square-foot lease at the 272,000-square-foot office building.
Constructed in 2009 to serve as the U.S. headquarters of the Royal Bank of Scotland, the Class A trophy office building in Downtown Stamford is currently approximately 85% leased.
Corvias will be responsible for the development and management of the student housing project. Other partners include Dirk Denison Architects for the design and Gilbane Building Co. for the construction of the Bailey Hall renovation.
Discovery Labs is targeting major markets across the US and also has several international locations in its plans as well. Target domestic markets include: Boston; New York City; Northern New Jersey; Washington, DC; Raleigh-Durham, NC; Chicago, Houston, Austin, San Diego, Los Angeles, San Francisco and Seattle.
Boston Properties' new development at 325 Main is replacing an existing four-story commercial office and retail building at the site, formerly known as 3 Cambridge Center. The new building comprises approximately 375,000 gross square feet of new office space and 42,000 gross square feet of retail space at the lower levels.
The community was originally built between 2004 and 2005 and features a mix of one- and two-bedroom apartments with an average size of 998 square feet.