The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 15.25-acre Maison 264 Multifamily Development Site in Rogers/Lowell, Arkansas. The fully-designed, shovel-ready site features plans showing a diversified mix of 204 garden apartment units and 44 build-to-rent townhome units, for a total of 248 rental units and high-end amenities. The site has excellent access to the area’s notable trail system as well as a 100-acre park just across the street. Northwest Arkansas is home to a handful of top-tier employers such as Walmart, J.B. Hunt, Tyson Foods, and the University of Arkansas, accessible within an easy commute of the site. The submarket features excellent demographics as well as positive projected multifamily trends such as falling vacancy and steadily rising rental rates. The Maison 264 Multifamily Development Site presents an attractive opportunity to promptly break ground on a truly unique development in one the nation’s fastest growing multifamily markets.
...
Under Contract
Maison 264 Multifamily Development Site
15.25 Acres
264 Bellview Street
Lowell, AR  72745
Type:  Land
Posted: 10/3/2023

As exclusive advisor to City Realty Group Cushman & Wakefield has been retained to arrange the sale or joint venture for 1 Highgate Street / 2-8 Harvard Avenue (the "Property") – a transformative, 82-unit infill residential apartment development with ground floor retail in Boston, Massachusetts. Located at the intersection of Cambridge Street and Harvard Avenue at the top of Harvard Ave’s retail restaurant corridor, the Property boasts an impeccable Walk Score of 98% in addition to outstanding highway visibility as it is situated adjacent to the Massachusetts Turnpike/Interstate 90. The Property offers tremendous multi-modal MBTA access via the nearby Boston Landing Commuter Rail Station, several stops along the subway Green Line B Branch and multiple bus lines. Additionally, the Property has convenient access to Routes 20, 3 and 9 further connecting the site to the rest of Boston’s urban inner-core.

1 Highgate is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be proved with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

...
1 Highgate
82 Units
1 Highgate Street
Boston, MA  02134
Posted: 6/29/2022
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.
...
1237 & 1265 W Yosemite Parkway
11.98 Acres
1237 & 1265 W Yosemite Parkway
Merced, CA  95340
Type:  Land
Posted: 2/7/2023

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.

...
130 Essex Street
   
130 Essex Street
Hamilton, MA  01982

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. .

...
Under Contract
141-143 Addison Street
   
141-143 Addison
East Boston, MA
Type:  Land
Posted: 3/9/2021

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.

...
147 Central
Offers Due:  Thursday, April 11, 2024
115 Units
147 Central Street
Lowell, MA  01852
Type:  Residential
Posted: 1/4/2024

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to purchase 16-18 Wendell Street, a recently renovated 24 room and 42 bed lodging house located in the heart of Cambridge, Massachusetts. The property is situated on a quiet side street in the coveted Harvard Square neighborhood, one of the most sought-after places to live and visit in Greater Boston. The location offers residents and visitors exceptional access to public transportation, technology and bio-tech employers, parks and green spaces, and a wealth of shopping, dining and cultural attractions in and around Harvard Square, including the Harvard and Lesley University campuses.

16-18 Wendell St, totaling 12,300 GSF, is comprised of two historic residential buildings that were built in the late 19th century and completely redeveloped / expanded in 2016. Institutionally owned and maintained, the property is in excellent condition and offers the incoming owner tremendous upside and use optionality with a configuration that’s adaptable for student housing/dormitory, multifamily, hospitality or institutional use.

Process & Pricing

16-18 Wendell St 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 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”.

...
16-18 Wendell Street
42 Beds
16-18 Wendell Street
Cambridge, MA  02138

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.

...
1657 Shermer Road
318 Units
1657 Shermer Road
Northbrook, IL  60062
Type:  Multifamily
Posted: 9/18/2023

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).

...
Under Contract
18Thirty
88 Units
1830 Spring Branch Drive
Madison, TN  37115
Type:  Multifamily
Posted: 11/15/2023

Cushman & Wakefield is pleased to offer for sale 209 Harvard Street, an irreplaceable asset and transit-oriented development opportunity in the heart of Coolidge Corner, Brookline, Massachusetts. The prominent 32,223 square foot medical office building is a four story structure on top of a 2 level covered parking garage containing 63 spaces.

Medical Office Building Renovations

The Medical Office building renovations include several improvements to the Harvard Street Facade:

1) Café with outdoor seating on the ground floor

2) New more welcoming facade material replacing the precast concrete with a glass and panelized system that admits more daylight

These features are particularly appropriate given the mission to provide a fit and healthy, community-centric place to live and a Medical Building that supports wellness needs of the area. The site plan shows the new café seating on site along Harvard Street and the entry path to the entry courtyard along the south side of the property. The former, along with the new facade materials and glass addition will activate the street. The latter provides a pleasant arrival sequence for the new residents. Preliminary grading and landscape materials, as well as critical dimensions, are indicated.

Fully Approved 44-Unit Residential Building

The approved plans allow one to build a new housing component on the rear portion of the lot. The housing portion of this proposal is to build four levels of units, over two levels of parking. The expectation is that these units will constitute a good addition to the range of housing options available in town, particularly for professionals looking for an active lifestyle and valuing both the amenities and the transit options available in Coolidge Corner.

Pricing & Process

209 Harvard Street is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

...
209 Harvard Street
   
209 Harvard Street
Brookline, MA  02446
Posted: 3/23/2022
Cushman & Wakefield is pleased to present University Drive Apartments. This opportunity consists of (3) identically constructed quadruplexes in Colorado Springs, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. University Drive Apartments are an exciting opportunity comprised of 12 units located in the Southeast submarket of Colorado Springs, CO. The property offers spacious, 2-bedroom, 1-bathroom apartment homes with recent renovations. The property benefits from its close-proximity to several employers including Amazon, Wal-Mart, Starbucks, Lowes, big-box retailers and various Dining Facilities. Additionally, the property’s adjacency to nearby parks and suburban neighborhoods such as Valley Hi Golf Course, Wagner Park and Leon Young Sports Complex allow new coming residents to feel right at home. University Drive Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Colorado Springs market. The attractiveness of this asset is magnified by upside in continued exterior improvements and the appreciation from future developments planned in the area. University Drive Apartments stands as an enticing opportunity to join the growing real estate market in Colorado Springs, CO.
...
21, 25 & 33 University Drive
12 Units
21, 25 & 33 University Drive
Colorado Springs, CO  80910
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
...
2210 Old Ranch Road
11.47 Acres
2210 Old Ranch Road
Colorado Springs, CO  80908
Type:  Land
Posted: 10/13/2023

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

...
Under Contract
225 General Edwards Highway
30 Acres
225 General Edwards Highway
Sharon, MA  02081
Posted: 8/11/2022
Under Contract
250 Everett Street
   
250 Everett Street
Boston, MA  02134
Posted: 12/9/2021
Under Contract
27 & 29 Mellen Street
   
29 Mellen Street
Cambridge, MA  02138
Type:  Residential

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 28 Wendell Street, a two building apartment and dormitory property totaling 12,204 GSF located in Harvard Square area, the heart of Cambridge, Massachusetts. Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, the property presents immense value-add potential through the potential redevelopment to multifamily residential and condominium conversions, among other options and strategies.

28 Wendell Street is situated in one of the most esteemed locations in the world with unmatched access to many of the nation’s top colleges and, technology and bio-tech employers and many of the region’s best shopping and dining amenities. Situated on Wendell Street, the property is within a 10-minute walk of a MBTA Redline station, as well as Harvard and Lesley University.

Process & Pricing

28 Wendell Street 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 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”.

...
28 Wendell Street
27 Units
28 Wendell Street
Cambridge, MA  02138
Type:  Multifamily

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 3 Phillips Place, an approximately 14,465 GSF building located in Harvard Square area, the heart of Cambridge, Massachusetts. Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, this property presents value-add potential through potential redevelopment among other options and strategies.

3 Phillips Place is situated in one of the most esteemed locations in the world with unmatched access to many of the nation’s top colleges and universities, technology, and bio-tech employers and many of the region’s best shopping and dining amenities. The property is located steps away from the MBTA Red Line’s Harvard Square stop, providing access to Cambridge as well as downtown Boston and nearby suburbs.

Process & Pricing

3 Phillips Place 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 access to the offering memorandum and due diligence materials. Tour dates will be made known to registered buyers prior to the auction deadline.

Please visit https://www.ten-x.com/listing/3-phillips-pl-cambridge-ma-02138/30912102/ to sign the confidentiality agreement, download the due diligence materials and register for the auction. The live, online auction, commences April 15 and concludes on April 17, 2024.

...
3 Phillips Place
   
3 Phillips Place
Cambridge, MA  02138
Type:  Residential
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.
...
312 Plum
   
312 Plum St.
Cincinnati, OH  45202
Posted: 3/8/2023

Cushman & Wakefield’s Multifamily Advisory group is pleased to present for sale 3326 Washington, a fully 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. Once investors have had an opportunity to review the offering materials, Cushman & Wakefield will schedule a "Call for Offers" date with advanced notice.

...
Under Contract
3326 Washington Street
43 Units
3326 Washington Street
Boston, MA  02130
Posted: 4/27/2022
Under Contract
361 Centre Street
36 Units
361 Centre Street
Jamaica Plain, MA  02130

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".

...
40-46 Winter Street
14 Units
40-46 Winter Street
Boston, MA  02108
Posted: 6/21/2022
Under Contract
4000 Mystic Valley Parkway
   
4000 Mystic Valley Parkway
Medford, MA  02155
Type:  Land

The Sacramento Multifamily Advisory Group is seeking a qualified developer to acquire this +/-9.85 acre development site.

...
4290 Mack Rd
   
4290 Mack Rd
Sacramento, CA  95823
Posted: 12/11/2023
4525-4540 Wheeler Road
   
4525-4540 Wheeler Road
Oxon Hill, MD  20745
Type:  Land
Posted: 10/4/2023