The Cushman & Wakefield Florida Multifamily Group is pleased to present the 134-unit multifamily offering, 1100 Apex located in Clearwater, Florida (Tampa Bay MSA). The property is a rare high-rise tower that was converted from an office building and transformed in 2019 into downtown Clearwater’s premier luxury residential tower and also features 3,479 SF in ground floor retail. The community is situated in downtown Clearwater, with over 8,000 jobs in the vicinity as well as ideally located nearby numerous restaurants, shops and within biking distance to one of the top beaches in America, Clearwater Beach. The property boasts an unrivaled amenity package including resort style heated swimming pool, putting green, fire pit, outdoor pool table, resident lounge area, private dining room and kitchen prep room, golf simulator and fitness center, to name a few. The large open concept floor plans of the units are all appointed with condominium grade high-end finishes including stainless steel appliances, quartz kitchen countertops and granite bathroom vanity countertops, smart technology packages, vinyl plank flooring, select and sweeping panoramic views of Clearwater Harbor from select upper tier units. The property is poised to benefit from Tampa Bay’s continued population influx and economic growth while being located in one of the few undersupplied submarkets in the region.

Owner conceptualized building a 220 unit apartment community on this +/- 11.98 acre site. Seller is flexible on subdivision of parcels into smaller development lots. Excellent location within a residential neighborhood surrounded by SFRs and newer multifamily development.

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire both the Gordon-Conwell Campus, a generational development or user opportunity spanning 102 acres and 202,952 SF of existing educational campus facilities and/or The Residences at Hamilton, a 209-unit, 1980’s vintage, garden style apartment complex, spanning 6 buildings, located in Hamilton, Massachusetts.

The property has been the home of Gordon-Conwell Theological Seminary for nearly half a century. The full offering spans 102 acres in one of Massachusetts most prominent towns.

The Gordon-Conwell Campus, offers developers, investors, and institutions, countless opportunities to enter what has historically been considered an impenetrable submarket. The site presents a multitude of redevelopment options ranging from commercial, to ultra-high-end residential development, to continued and enhanced educational and institutional use, among many others.

The Residences at Hamilton features six (6), 3-story garden-style apartment buildings totaling 209 units and approximately 194,391 rentable square feet. The buildings, built between 1976 and 1988, sit on approximately 102 acres in an idyllic residential New England setting and offer residents ample parking. Institutionally owned and operated since their original development, the buildings have historically been rented as quasi dormitories by students of the institution, but maintain traditional apartment floor plans, consisting of spacious studio, one (1), two (2) and three (3) bed layouts. The offering presents the opportunity for a new ownership group to operate the buildings as traditional apartments in one of Massachusetts’ highest barriers to entry towns, where virtually no competitive apartment properties exist today.

Pricing & Process

The Gordon-Conwell Campus and The Residences at Hamilton are offered without a formal asking price. Upon Receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

Investors are invited to submit bids for the Gordon-Conwell Campus and The Residences at Hamilton as a single portfolio or as individual properties.

Cushman & Wakefield's Multifamily Advisory Group is pleased to offer for sale 141-143 Addison Street, a transit-oriented investment and development opportunity located minutes from downtown Boston. As East Boston continues to transform and flourish as a hotbed of residential development activity, the property’s 21,100 ± square foot (0.48 acre) lot presents an excellent redevelopment opportunity with the potential to deliver housing in a thriving Boston neighborhood. Currently comprised of two single-story flex/industrial buildings totaling 15,400 ± square feet, the property also presents considerable upside as functional in-fill industrial space. The property's below market rents and short-term leases provide the buyer - whether housing developer, industrial user/occupier or investor - with the flexibility to execute a variety of value-add strategies that maximize the property's potential. .

As exclusive advisor to Root Development LLC (the “Sponsor”), Cushman & Wakefield has been retained to arrange the joint venture partnership for the pursuit of entitlements and the redevelopment of 147 Central Street, the Saab Building, in Lowell, Massachusetts (the “Property”) – a transformative, 115-unit infill residential apartment development opportunity in the heart of Lowell’s historic downtown.

The Property is located on a 19,130 square foot parcel, improved by a two story, 34,920 square foot mixeduse building featuring retail on the ground floor and office space on the second floor. As currently envisioned, the proposed project would consist of approximately 104,000 gross square feet (115 multi-family residential units and 4,500 square feet of street level retail), and the building would rise six (6) stories from Central Street – a height that is consistent with surrounding buildings.

The redevelopment of 147 Central Street is fully supported by the City of Lowell and the incoming buyer or partner can leverage Opportunity Zone and city and state economic development incentives and assistance programs, including tax increment exemptions, to bring this transformative project to fruition.

Process & Pricing

Cushman & Wakefield is offering this unique purchase or joint venture investment opportunity without an asking price. Additional information is available upon receipt of a Confidentiality Agreement, and site visits can be arranged upon request. We will be conducting tours and meetings over the coming weeks with a call-for-offers to follow shortly thereafter.

Cushman & Wakefield has been retained by Quarterra (“The Sponsor”) as the exclusive advisors to arrange $56.1M in Limited Partner (“LP”) equity for 1657 North Shermer Road (“The Project”) located in Northbrook, Illinois. The 318-unit, 5-story Texas wrap multifamily development will be downtown Northbrook’s first Class A rental community and only transit-oriented development (TOD) to date. The 284,388 NRSF Project will feature a series of courtyards including a large pool deck with grilling stations, native landscaping, and large outdoor patios for ground level units. The project is fully designed and entitled. Construction is expected to commence in Q4 2024 with completion in Q3 2026.

The 10.4-acre site is master planned into three areas: 7.2 acres for Sponsor’s 318-home multifamily building, 1.5 acres for Sponsor’s 6,500 SF retail outparcel, and 1.7 acres for a 48-unit supportive housing building. The Sponsor is purchasing the supportive care land as part of the overall land purchase and will immediately donate it to local supportive housing developer, Housing Opportunity Development Corporation (HODC). The supportive housing component is not a part of the opportunity, but adheres to Northbrook’s Inclusionary Housing Ordinance required of the overall development. The 6,500 SF retail pad will be constructed as a shell with the intention of leasing the space to a high-end destination restaurant user or comparable use. The sponsor has already received several LOIs from vetted groups for the retail space. The community will have 477 parking stalls for a ratio of 1.5 stalls per home. Most of the parking is within the conditioned parking garage, with approximately 68 surface stalls flanking the road that circles the site. The Northbrook Metra train station is 1,500 feet north of the site, which provides a direct and easy commute to downtown Chicago.

This Project presents a rare investment opportunity in the highly affluent North Shore sub-market where high-density multifamily projects were historically pushed to the northeast section of downtown. This optimal location gives close proximity to Metra, parks, restaurants, shopping, and high-end single-family communities in Chicago’s North Shore.

Cushman & Wakefield is pleased to present the exclusive listing of 1801 Assembly, a fully entitled 113-unit mixed-use tax credit eligible adaptive reuse opportunity in the heart of downtown Columbia, South Carolina. The former federal building, located on the highest point in Columbia and embedded within the highly amenitized redevelopment district of downtown, offers residents walkability to hundreds of restaurants, retail, and entertainment options, including across the street Finlay Park, currently undergoing a $24.1M rehabilitation. The surrounding area also boasts seamless connectivity to the state capital’s largest employers, providing 145k+ jobs within a 15-minute drive.

Unused for over 5 years, the building qualifies for Abandoned Building Tax Credits, along with its age and significance qualifying for the Historic Building Tax Credits and Bailey Bill Tax Abatements. Current ownership has laid significant groundwork for the project, including detailed site plans and renderings and complete asbestos remediation, offering the next buyer an accelerated development timeline relative to comparable adaptive reuse opportunities. 1801 Assembly represents a unique adaptive reuse development opportunity in one of the most desirable locations in Columbia. The project is fully entitled and abated, allowing a buyer to close in Q3 of 2024 and deliver units roughly a year later in Q3-Q4 of 2025. Additionally, the tax credits allow for an investor to syndicate capital prior to construction, creating approximately ~$11.5MM in sources after land close.

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire both 1826 & 1840 Massachusetts Avenue, two prime development parcels, totaling more than 25,000+ of land area. The parcels, which are separated by Mt. Vernon Street, are located in the heart of Cambridge, Massachusetts, and provide more than 300 ft of highly visible prime frontage along Massachusetts Avenue. 1826 & 1840 Massachusetts Avenue are ideally positioned directly across the street of the MBTA Redline - Porter Square Station.

The parcels are situated in one of the most highly desirable metro areas in the nation with unmatched access to many of the world’s top colleges and universities, technology, and bio-technology employers and many of the region’s premier shopping and dining amenities.

The prime transit-oriented location provides immediate rapid transit access to the areas renowned medical, academic, and healthcare institutions in under 10 minutes, such as Harvard University, Massachusetts Institute of Technology, Kendall Square, and Massachusetts General Hospital, all of which have dedicated Stations along the Red Line route.

Currently utilized as surface parking, the lots will be delivered free and clear of any encumbrances or lease obligations. These parcels present an extremely rare opportunity for significant new development an extremely high barrier to entry market.

Process & Pricing

1826 & 1840 Massachusetts Avenue are offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

Investors are invited to submit bids both properties as a portfolio or on individual parcels.

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire 186 Monsignor O’Brien Highway, a prime development parcel totaling 4,593 square feet of land area. The parcel is located in East Cambridge and is ideally positioned across the street from the MBTA Green Line’s Lechmere Station.

186 Monsignor O’Brien Highway is situated in one of the most highly desirable metro areas in the nation with unmatched access to many of the world’s top colleges and universities, technology, and bio-technology employers and many of the region’s premier shopping and dining amenities.

The prime transit-oriented location provides immediate rapid transit access to the area’s renowned medical, academic, and healthcare institutions in under 20 minutes, such as Harvard University, Massachusetts Institute of Technology, Kendall Square, and Massachusetts General Hospital. 186 Monsignor O’Brien Highway is also within walking distance to Cambridge Crossing, a recently redeveloped 43-acre neighborhood in East Cambridge. The parcel also benefits from its proximity to several area attractions such as the Museum of Science and TD Garden.

Process & Pricing

186 Monsignor O’Brien Highway is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 88-unit 18Thirty apartment community located in Madison, Davidson County, Tennessee. This asset is situated in the rapidly-expanding suburban neighborhood of Madison, in northeast Nashville, surrounded by growth and expansion including the multi-billion dollar East Bank revitalization projects. Built in 2001 and renovated in 2017, 18Thirty represents an outstanding opportunity for new ownership to invest in a property that can achieve $120+ rent premiums through a light value-add program. Strategically located just minutes from I-65, residents of 18Thirty benefit from proximity to Nashville’s thriving economy and continued job growth which includes the recently announced LG Chem plant (860 jobs), Oracle campus (8,500 jobs), and Ultium Cells (400 jobs).

Cushman & Wakefield is pleased to offer for sale 195 Market Street, a value-add office investment and transit-oriented multifamily development (TOD) opportunity located just 10 miles north of downtown Boston in the City of Lynn, Massachusetts. 195 Market Street is comprised of 5.1± acres and a 152,000± square foot, five (5) story office building built in 1972. The property is located close to transit, highly accessible to jobs in the Boston area and is easily walkable to downtown Lynn and the waterfront, offering shops, restaurants, playgrounds, parks and other amenities nearby.

195 Market Street falls within the Central Business District zoning district, which allows for substantial as-of-right development potential (120’ height limitation; no FAR limitation) and a variety of uses, including residential, retail, hospitality, office and mixed-use. 195 Market Street is an excellent investment opportunity that presents a multitude of alternative use and value-creation opportunities, including the potential to redevelopment the property into a large scale multi-family apartment community.

195 Market Street is offered for sale on an “as-is” basis and without a formal asking price. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a “Call for Offers”.

OM AVAILABLE SOON

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 330-unit, 200 East apartment community located in Durham, NC. This asset is situated in the rapidly expanding East Durham submarket. 200 East is located in one of the most sought-after geographies through the lens of investors and residents alike, just minutes from Research Triangle Park, the world renowned research campus, home to 300+ companies and Fortune 500 powerhouses. This rare opportunity provides investors access to an exceptional asset with a highly attractive tenant base, and the ability to achieve premiums of $153+ through an interior renovation initiative and operational efficiency, on an already high caliber performing asset.

This 11.47 Acre site is a well-located parcel in North Colorado Springs, near the intersection of Voyager Parkway and Old Ranch Road. The immediate submarket is anchored by InterQuest Parkway and has become one of the most prominent and active growth corridors in the region with a mix of commercial, retail, entertainment, recreation, education, health services and residential uses. The area is dominated by several large master planned communities including The Farm and Flying Horse Ranch to the North, Pine Creek to the South, and Wolf Ranch and Cordera to the East. Housing demand is very strong in this submarket and many of these large legacy communities are either built out or approaching close out. Multi-family rental communities in this area have steady occupancy levels and comparable rent rates to the proposed product. Given the growth and demand of the Northgate submarket and the unique product offering, this site poses an exciting opportunity for future development. Current Zoning: R5/SS

Cushman & Wakefield and Greystone are pleased to present for sale 225 General Edwards Highway, a prime development site opportunity located in Sharon, Massachusetts. The property is comprised of 30 +/- acres of land along Route 1 in the northwesterly section of Sharon, bordering the towns of Walpole and Foxboro.

The Property provides unmatched access to nearby retail amenities in Walpole and Foxboro. To the north in Walpole, there is assorted retail including the Big Y Plaza, Applebee’s, Dunkin’ Donuts, Fairfield Inn & Suites and Walmart. Less than three miles away from the Property is Foxboro’s Patriot Place which features a wide variety of retail and dining amenities surrounding Gillette Stadium. This includes Bar Louie, CBS Sporting Club, Wormtown Brewery, Top Golf, Showcase Cinema, Christmas Tree Shops, Bed Bath & Beyond, Trader Joe’s and Vineyard Vines.

225 General Edwards Highway is available on an “as-is” basis and is being offered without a formal asking price. RFPs must be submitted by October 14, 2022.

For additional information and to submit a bid, please visit: https://mbtarealty.com/bid-docs/?_sm_nck=1

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 260 Woodstock by ARIUM, a 23-unit, 2008-built apartment community located in highly sought after Woodstock, GA. Embedded in the affluent Downtown Woodstock corridor, the property benefits from immediate access to a variety of the area’s most popular retail, dining and event venues. In the 5-mile radius surrounding the property, demographics are premier with an average household income of over $115K with predominate white-collar employment and a 2.1% unemployment rate. Advantageous positioning, coupled with rising construction costs, makes 260 Woodstock a premier asset, offered well below replacement costs. Through a light interior upgrade program, new ownership has the opportunity to further drive rents and NOI on a boutique asset in an irreplaceable town-center location.

1. EXCELLENT BUILDING FUNDAMENTALS
The building features sleek and timeless glass lines bringing excellent natural light into the space with incredible 360 views of Downtown Cincinnati, including views of the Ohio River, Paycor Stadium, and The Banks. The open floor plans are ideal for a traditional office user or adaptive reuse, providing a multitude of options for configuration of the space.

2. UPSIDE PARKING POTENTIAL
The 266-space parking garage on the first four levels of the building providing users convenient, onsite parking and an opportunity to enhance cash-flow potential through public-facing parking options for transient visitors.

3. CREDITS, INCENTIVES, AND ABATEMENTS
The owner of 312 Plum Street can apply for a variety of incentive programs, including but not limited to state and federal tax incentives, sales tax exemptions for construction materials, and real estate tax abatements on the improved value.

4. SOUTHWEST CBD MOMENTUM
With multiple conversions and recently completed new construction, the southwest quadrant continues to evolve into a vibrant residential and hospitality corridor within Downtown Cincinnati. 312 Plum Street’s proximity to The Banks, a preeminent mixed-use development along the Ohio River, and Fountain Square, the social heart of Downtown, positions it well for either a residential or hospitality adaptive reuse.

5. WALKABLE AND TRANSIT-ORIENTED LOCATION Cincinnati is one of the most walkable downtown areas in the country with a walkability index of 18.6 out of 20 and a walk-score of 95%. Holding true to this high index, 312 Plum Street is within a 10-minute walk of numerous amenities and points of interest.

6. STRONG MARKET FUNDAMENTALS FOR NEW MULTI-FAMILY CONSTRUCTION New Class-A multi-family product in the downtown Cincinnati market has recently outperformed the rest of the Cincinnati MSA. Pairing an average of 97% occupancy with an impressive $2.26/sf, these fundamentals present an exciting opportunity to redevelop 312 Plum Street into market-rate apartments.

Cushman & Wakefield’s Multifamily Advisory group is pleased to present for sale 3326 Washington, an approved 43-unit development opportunity located minutes from downtown Boston in the Jamaica Plain neighborhood. Situated on a 12,304 SF lot, 3326 Washington Street will include 5 stories and 43 units of residential housing.

Totaling 39,445 GSF, the development opportunity is ideally situated among Jamaica Plain’s neighborhood amenities, combining the best of Boston-based benefits and the suburban neighborhood appeal. 3326 Washington Street is only a block away from the MBTA Orange Line’s Green Street stop and less than a mile from the Commuter Rail’s Forest Hill Station providing access to Downtown Boston in under 20 minutes.

3326 Washington Street is offered for sale on an "as-is" basis and without a formal asking price. Property due diligence materials are available to qualified buyers upon execution of a confidentiality agreement. Tour dates will be made known to registered buyers prior to the auction deadline. Please visit https://www.ten-x.com/listing/3326-washington-st-jamaica-plain-ma-02130/31727656/ to sign the confidentiality agreement, download the due diligence materials and register for the auction. The live, online auction commences June 24 and concludes on June 26, 2024.

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to offer for sale 40-46 Winter Street, a boutique apartment and retail value-add buidling located in the heart of downtown Boston. The building represents a rare opportunity to acquire a tremendously located asset comprised of 14 market rate residential units and approximately 5,581 square feet of prime retail space. The residential units range from studios to over-sized four-bedroom units and feature unique open plan layouts, tremendous ceiling heights, window lines, streetscape views and the sought-after exposed brick aesthetic. The location offers a world class retail opportunity for the incoming owner with significant upside through new leasing, remerchandising and increasing below market in-place rents.

The building is located on Winter Street in the core of Downtown Crossing, a dynamic mixed-use destination that has been the beneficiary of $4+ billion in capital investment in last 15 years. Boasting a central location with access to multiple subway stations, the neighborhood is home to an abundance of shopping, dining, entertainment, and cultural amenities complemented by luxury residential towers, boutique hotels and creative office space. The neighborhood is surrounded by the Financial District, the city’s largest and most dynamic office submarket, and is home to several higher ed institutions, including Suffolk University and Emerson College. Collectively, these foundational demand drivers underpin the success and long-term outlook for the location.

40-46 Winter Street was completely renovated and built new in 2008, including new base building systems, roof, windows, and residential units on the upper floors. Since the renovation, the building has maintained near-100% occupancy throughout market cycles. Given the strategic location and large units, the resident profile today is predominantly young professionals and some undergraduate students. The propertiy offers flexibility to the incoming owner to maintain the current operations and enjoy the stability of cash flow or upgrade/refresh the residential unit interiors and common areas to push rents to full market potential or condo conversion.

40-46 Winter 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".

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 47 West Cedar St, a boutique 10-unit, 100% market rate apartment building located in the Beacon Hill neighborhood of Boston, Massachusetts. Built at the turn of the century, the 5,600 SF +/- brownstone apartment building is situated in the heart of Boston’s most charming and sought-after residential neighborhoods, exceptionally located between Downtown and the Back Bay.

The building features four (4) two-bed one bath units, four (4) one-bed one bath units and two (2) studios. The units offer high ceilings, hardwood floors, large closets and abundant natural light. Although ownership has meticulously managed the building, there is a distinct opportunity to upgrade unit interiors, including kitchens, bathrooms, flooring, lighting and appliances. Following these upgrades, the incoming buyer would elevate the competitive profile of the asset in the market and the renovated luxury units would command significantly higher rents, or be poised for condo conversion and sell-out at premium prices.

47 West Cedar St represents a rare opportunity to acquire an asset in one of the most desirable residential locations in the United States.