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9 Chelsea Street

Posted: 6/4/2024
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About

About 9 Chelsea Street

Cushman & Wakefield Multifamily Advisory Group is pleased to offer, on an exclusive basis, the fee simple interest in 9 Chelsea Street (the “Property” or “Site”), a transit-oriented development opportunity in the heart of East Boston, Massachusetts. The Property sits directly across the street from MBTA Blue Line at Maverick Square, providing future residents direct access to the top-tier employment and cultural activities throughout Downtown Boston, Cambridge, and the surrounding communities. The Site is a prime in-fill development opportunity appealing to multiple uses - multifamily (apartments or condominiums), hotel, retail and commercial - and offers attractive zoning that allows for up to 7 stories and building height of 85 feet.

9 Chelsea Street enjoys prominent positioning at the corner of Chelsea and Maverick Streets, and is the gateway into Maverick Square and the East Boston waterfront. The immediate area has transformed in recent years with the development of over 1,500 luxury mid and high-rise apartments and condominiums, the creation of new parkland, the expansion of the East Boston Harborwalk and the development of countless residential and mixed-use buildings that have added hundreds of new, high-quality housing units throughout the neighborhood. As city residents have migrated to East Boston, a variety of new urban restaurants, bars and shops have also established themselves in the area and contribute to the trendy vibe. East Boston is an increasingly sought after neighborhood and the Property presents a unique opportunity to develop a luxury condominium or apartment building in an excellent in-fill location in the City of Boston.

9 Chelsea Street is available on an “as-is” basis and is being offered without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering materials and access to additional due diligence information. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a “Call for Offers”.

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