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Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 10-12 Greenway Court, a boutique 14-unit 100% market rate apartment building located in the heart of Brookline, Massachusetts. The property is situated on a quiet side street in the coveted Coolidge Corner neighborhood of Brookline, an affluent highly sought-after town bordering Boston to the west that boasts one of the best school systems in the country. The property is located 1 block from the MBTA Green Line Station and the location offers residents immediate access to the area’s major employers, academic institutions, shops, dining and entertainment destinations.

10-12 Greenway Court 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".

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10-12 Greenway Court
14 Units
10-12 Greenway Court
Brookline, MA  02446
Posted: 6/1/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 1061 Memorial Drive, a 1.73-acre, fully-zoned development site located in Atlanta’s rapidly developing Memorial Drive Corridor. The site is primed to benefit from being located within one of Atlanta’s most rapidly expansion area, the Eastside, that has seen incredible investment and growth due to a multitude of factors. The BeltLine has continued to draw an unstoppable amount of interest for corporate relocations and retail development, as well as being the hottest rental and single-family market in Atlanta as evidenced by consistent rent growth and wealthy demographics. The fully-zoned site presents a unique option for a variety of different development options, providing a pristine opportunity to feed off of the impressive boom rippling down the Eastside, BeltLine & Memorial Drive Corridor.
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Under LOI
1061 Memorial Drive
1.73 Acres
1061 Memorial Drive SE
Atlanta, GA  30316
Type: Land
Posted: 9/21/2020

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 11 Langdon Street, a boutique 17-unit apartment building located in rapidly evolving, Everett, Massachusetts. The property is in close proximity to several up-and-coming features of Everett, most notable the Encore Boston Resort and Casino. It also boasts easy access to the MBTA’s Orange Line, Silver Line and commuter rail. Just north of Boston, Everett is a short commute from the area’s major employers, academic institutions, shops, dining and entertainment destinations.

Investment Highlights

Significant Recent Capital Improvements Since acquiring the property in early 2020, current ownership has made significant capital improvements throughout the asset, including gut renovations of ten (10) units and extensive common area upgrades. Ownership has invested more than $575,000 into these improvements over the last 18 months. Furthermore, they are in the process of installing a new keyless building access system and restriping the parking lot, both of which shall be completed prior to closing.

Neighborhood DevelopmentStrategically located in one of the most rapidly evolving neighborhoods in the Greater Boston area, the property is surrounded by multiple on-going and upcoming transformative developments, such as Encore Boston Resort and Casino, Assembly Row, Cambridge Crossing, Hood Park, and the Silver Line Extension. Most notably, Encore Boston, located less than a ½ mile from the property, has transformed this portion of Everett. Completed in summer 2019, the $2.6 billion development spans 30+ acres and has cemented Everett as a true "live, work, play" destination.

Transit Oriented-11 Langdon offers residents great transit accessibility, including Orange Line (Assembly Row), Silver Line (Chelsea), and commuter rail (Chelsea) stations all located less than 10 minutes from the property. These rapid transits hubs connect Everett to Greater Boston’s world-renowned institutions, medical centers and business hubs. Additionally, these transit options offer immediate access to Logan International Airport, Boston’s Seaport District, as well as South and North Station.

11 Landon 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".

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11 Langdon Street
17 Units
11 Langdon Street
Everett, MA  02149
Posted: 7/13/2021

Cushman & Wakefield is pleased to present the opportunity to acquire the Cambridge Connection, an exceptional 10-building portfolio totaling 85,000 +/- GSF located between Harvard Square and Porter Square in the heart of Cambridge, Massachusetts.

Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, the portfolio presents immense value-add potential through the leaseup of vacant commercial space, the redevelopment to multifamily residential and condominium conversions, the potential for new ground-up residential construction, among other options and strategies.

The Cambridge Connection is situated in one of the most highly desirable metro areas 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. Situated on Mellen Street, Sacramento Street, Massachusetts Avenue, and Somerville Avenue, all of the buildings are located within a 10-minute walk of a MBTA Red Line station, as well as Harvard and Lesley University.

Process & Pricing

The Cambridge Connection 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".

Investors are invited to submit bids for the Cambridge Connection as a single portfolio, sub-portfolios or individual properties.

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Cambridge Connection (10 properties, 0 acres)
11 Mellen St
   
11 Mellen Street
Cambridge, MA  02138
Posted: 10/20/2021
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire 1171 Sonora Court ("1171 Sonora" or the "Property"), a 1.30-acre transit-oriented development site located within Sunnyvale, California’s priority redevelopment area known as the Lawrence Station Area Plan ("LSAP"). Situated steps from Caltrain’s Lawrence Station and between Highway 101 and Interstate 280, 1171 Sonora is a premier multifamily development site benefiting from its bullseye Silicon Valley location and direct connectivity to the world’s highest paying jobs. Currently zoned for up to 68 units/acre, the LSAP is the City’s initiative to promote the development of transit-oriented, high-density housing - 1171 Sonora is in the process of being up-zoned to 100 units/acre for a total of 130 units.

Walking distance to Apple’s Campus 3, Texas Instruments, Thermo Fisher, Intuitive Surgical’s global HQ, and other renowned employers, the Property is firmly situated in the epicenter of the most innovative region in the world and is surrounded by more than 225,000 tech jobs. Median household incomes in Sunnyvale are forecasted to grow to $156,548 by 2025 and market rents are projected to increase an additional 10% while maintaining 95% occupancy over that same time period. As a fully-amenitized community adjacent to Lawrence Station, 1171 Sonora will offer the high end, transit-oriented living experience critical to attracting the region’s most affluent renters.
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1171 Sonora Court
1.3 Acres
1171 Sonora Court
Sunnyvale, CA  94086
Type: Land
Posted: 11/2/2020

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire the Providence Portfolio, an exceptional 10-building multifamily portfolio totaling 165 units and 159,522SF in the Federal Hill neighborhood of Downtown Providence.

The impressive portfolio was all built within the last two years and contains condo-quality finishes across the board. The portfolio presents an investor the ability to assemble economies of scale and operating efficiencies in one of the most desirable cities in the North East. All the buildings are located within a 10-minute drive of each other as well as a plethora of restaurants, shopping, transit, and other neighborhood amenities.

Process & Pricing

The Providence Portfolio 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". Investors are invited to submit bids for the Providence Portfolio as a single portfolio, sub-portfolios or individual properties.

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1290 Westminister St
   
1290 Westminister Street
Providence, RI  02909
Type: Conventional
Posted: 11/3/2021

Cushman & Wakefield is pleased to present the opportunity to acquire the Cambridge Connection, an exceptional 10-building portfolio totaling 85,000 +/- GSF located between Harvard Square and Porter Square in the heart of Cambridge, Massachusetts.

Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, the portfolio presents immense value-add potential through the leaseup of vacant commercial space, the redevelopment to multifamily residential and condominium conversions, the potential for new ground-up residential construction, among other options and strategies.

The Cambridge Connection is situated in one of the most highly desirable metro areas 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. Situated on Mellen Street, Sacramento Street, Massachusetts Avenue, and Somerville Avenue, all of the buildings are located within a 10-minute walk of a MBTA Red Line station, as well as Harvard and Lesley University.

Process & Pricing

The Cambridge Connection 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".

Investors are invited to submit bids for the Cambridge Connection as a single portfolio, sub-portfolios or individual properties.

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Cambridge Connection (10 properties, 0 acres)
13 Mellen St
   
13 Mellen Street
Cambridge, MA  02138
Posted: 10/20/2021

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to offer for sale 133 Salem Street, an excellent behavioral health and multifamily redevelopment opportunity in Revere, Massachusetts. The property consists of a 140-bed capacity 59,000 GSF 3-story former skilled nursing facility and a noncontiguous 0.65-acre (28,093 SF) development parcel. The existing building is well suited for residential redevelopment and is located in a thriving in-fill submarket, just minutes north of downtown Boston. The existing building also represents a rare turnkey occupancy opportunity for behavioral health and medical uses seeking a residential treatment facility. The adjacent 0.65 acre parcel, currently a surface parking lot, is an attractive ground-up multifamily development opportunity. The property presents a multitude of redevelopment options with a location that is compelling for residential, medical and other uses offering exceptional accessibility, convenience and proximity to highways, public transit and major employment, entertainment and population hubs.

Process & Pricing

133 Salem 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. Please visit the C&W website to sign the confidentiality agreement and download the due diligence materials. Property tours are available upon request.

Offers are due by 5:00PM on Friday, December 17, 2021.

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Under Contract
133 Salem Street
   
133 Salem Street
Revere, MA  02151
Type: Conventional
Posted: 11/15/2021

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to offer for sale 135 North Ave, formerly the Sunrise of Weston in Weston, Massachusetts. Historically operated as a 29 unit, 33 bed assisted living facility, the 1.86-acre site is improved with a 18,311 SF four story building, and 35 parking spaces. Operated until recently and well maintained by the current ownership, 135 North Ave represents a turnkey opportunity for a myriad of assisted living, healthcare and other medical operators and uses. Additionally, the 1.86-acre parcel is well positioned for redevelopment to housing or an array of other uses.

135 North Ave, 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.

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135 North Ave
29 Units
135 North Avenue
Weston, MA  02493
Type: Conventional
Posted: 11/15/2021

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. .

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Under Contract
141-143 Addison Street
   
141-143 Addison
East Boston, MA
Type: Land
Posted: 3/9/2021
Cushman & Wakefield is pleased to exclusively present the opportunity to acquire 148 Peabody Road (the "Property" or "148 Peabody"), a 100% market-rate, ±5.09 acre residential development site located in Vacaville, California. Situated within a quarter mile from an Interstate-80 onramp, the Property benefits from convenient access to the area’s largest and most renowned employers including Genentech, Kaiser Permanente, NorthBay VacaValley Hospital, Anheuser-Busch, UC Davis and Travis Air Force Base. Recognizing the critical need for housing in strategic locations like 148 Peabody Road, the City of Vacaville created a Residential Urban High Density overlay that encompasses the Property and will allow for up to 330 units with conditional approval.
With direct access to 5 million jobs, Vacaville has emerged as one of the top performing apartment submarkets in the San Francisco Bay Area. Local rents are forecasted to grow by 21% in the next five years while median household incomes are anticipated to grow 15% to $96,838 annually during this same time. As a 100% market-rate community in a submarket with minimal competition, 148 Peabody Road will offer the high end, convenient living experience critical to attracting the region’s most affluent renters.
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Under Contract
148 Peabody
5.09 Acres
148 Peabody Road
Vacaville, CA
Type: Land
Posted: 12/3/2019

Cushman & Wakefield is pleased to present the opportunity to acquire the Cambridge Connection, an exceptional 10-building portfolio totaling 85,000 +/- GSF located between Harvard Square and Porter Square in the heart of Cambridge, Massachusetts.

Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, the portfolio presents immense value-add potential through the leaseup of vacant commercial space, the redevelopment to multifamily residential and condominium conversions, the potential for new ground-up residential construction, among other options and strategies.

The Cambridge Connection is situated in one of the most highly desirable metro areas 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. Situated on Mellen Street, Sacramento Street, Massachusetts Avenue, and Somerville Avenue, all of the buildings are located within a 10-minute walk of a MBTA Red Line station, as well as Harvard and Lesley University.

Process & Pricing

The Cambridge Connection 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".

Investors are invited to submit bids for the Cambridge Connection as a single portfolio, sub-portfolios or individual properties.

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Cambridge Connection (10 properties, 0 acres)
1627 Massachusetts Ave
   
1627 Massachusetts Avenue
Cambridge, MA  02138
Posted: 10/20/2021
1. MULTIPLE INVESTMENT OPPORTUNITIES

This well-maintained property offers investors multiple opportunities. Continue leasing the large 10 studio apartments as rental units or follow the trend in the neighborhood by converting to condominiums. The first floor space is currently leased to a Kroger vendor and future use could continue as office or be converted to retail space.

2. CENTER OF REVITALIZED PEDESTRIAN FRIENDLY SPACE

The property sits in the center of the newly developed Court Street Plaza which is home to numerous restaurants and businesses, and hosts to community outdoor events and programming.

3. WALKERS PARADISE

Not only does Court Street Plaza offer its own unique shopping and dining, it is conveniently located in the center of downtown, just blocks away from the new Kroger grocery store, Fountain Square, Aronoff Arts Center, Cincinnati Court House and much more.

4. EASY ACCESS TO ALL OF DOWNTOWN

Walking distance to multiple street car stops to access all downtown Cincinnati has to offer, including the live-work-play neighborhoods to the North - Over-the-Rhine - and south - The Banks - of the CBD provide numerous complimentary lifestyle options to those in the CBD.
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17 E Court St
10 Units
17 E Court St.
Cincinnati, OH  45202
Type: Conventional
Posted: 9/14/2021

Cushman & Wakefield is pleased to present the opportunity to acquire the Cambridge Connection, an exceptional 10-building portfolio totaling 85,000 +/- GSF located between Harvard Square and Porter Square in the heart of Cambridge, Massachusetts.

Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, the portfolio presents immense value-add potential through the leaseup of vacant commercial space, the redevelopment to multifamily residential and condominium conversions, the potential for new ground-up residential construction, among other options and strategies.

The Cambridge Connection is situated in one of the most highly desirable metro areas 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. Situated on Mellen Street, Sacramento Street, Massachusetts Avenue, and Somerville Avenue, all of the buildings are located within a 10-minute walk of a MBTA Red Line station, as well as Harvard and Lesley University.

Process & Pricing

The Cambridge Connection 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".

Investors are invited to submit bids for the Cambridge Connection as a single portfolio, sub-portfolios or individual properties.

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Cambridge Connection (10 properties, 0 acres)
17 Mellen St
   
17 Mellen Street
Cambridge, MA  02138
Posted: 10/20/2021
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 186-192 Selwyn Drive ("186 Selwyn" or the "Property"), a 16-unit multifamily property in Milpitas, California. Consisting of 4 fourplexes on a single parcel, 9 units have been fully renovated in addition to significant exterior capital improvements. Renovated units feature quartz countertops, stainless steel appliances, wood-style flooring, washer/dryer, and much more. Exterior upgrades include new resident amenity spaces, redwood guard railings, automated security gate, and other key improvements. 186 Selwyn provides investors the opportunity to own a high-quality asset with a $547 renovation premium for the 7 remaining unrenovated units.

The Property’s ideal Bay Area location and convenient access to Interstates 680 and 880, as well as Highway 237, provides residents with a short commute to the major job markets of Silicon Valley and the East Bay. Surrounded by world-renowned employers such as Google, Microsoft, Apple, Oracle, Cisco, Intel, Tesla, and many others, Milpitas attracts affluent residents from throughout the region. With median home prices in Milpitas nearing $1.2MM, the cost of home ownership is 210% the anticipated asking rent of 186 Selwyn. By 2025, 71% of Milpitas’ household are expected to earn more than $150,000 annually. As home prices and incomes continue to increase, 186 Selwyn’s central location and large, high-quality units, will attract the region’s high earning renters-by-necessity.
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186-192 Selwyn Drive
16 Units
186 Selwyn Drive
Milpitas, CA  95035
Posted: 11/2/2020

Cushman & Wakefield is pleased to present the opportunity to acquire the Cambridge Connection, an exceptional 10-building portfolio totaling 85,000 +/- GSF located between Harvard Square and Porter Square in the heart of Cambridge, Massachusetts.

Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, the portfolio presents immense value-add potential through the leaseup of vacant commercial space, the redevelopment to multifamily residential and condominium conversions, the potential for new ground-up residential construction, among other options and strategies.

The Cambridge Connection is situated in one of the most highly desirable metro areas 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. Situated on Mellen Street, Sacramento Street, Massachusetts Avenue, and Somerville Avenue, all of the buildings are located within a 10-minute walk of a MBTA Red Line station, as well as Harvard and Lesley University.

Process & Pricing

The Cambridge Connection 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".

Investors are invited to submit bids for the Cambridge Connection as a single portfolio, sub-portfolios or individual properties.

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Cambridge Connection (10 properties, 0 acres)
19 Mellen St
   
19 Mellen Street
Cambridge, MA  02138
Posted: 10/20/2021

Cushman & Wakefield is pleased to present the opportunity to acquire the Cambridge Connection, an exceptional 10-building portfolio totaling 85,000 +/- GSF located between Harvard Square and Porter Square in the heart of Cambridge, Massachusetts.

Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, the portfolio presents immense value-add potential through the leaseup of vacant commercial space, the redevelopment to multifamily residential and condominium conversions, the potential for new ground-up residential construction, among other options and strategies.

The Cambridge Connection is situated in one of the most highly desirable metro areas 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. Situated on Mellen Street, Sacramento Street, Massachusetts Avenue, and Somerville Avenue, all of the buildings are located within a 10-minute walk of a MBTA Red Line station, as well as Harvard and Lesley University.

Process & Pricing

The Cambridge Connection 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".

Investors are invited to submit bids for the Cambridge Connection as a single portfolio, sub-portfolios or individual properties.

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Cambridge Connection (10 properties, 0 acres)
21 Mellen St
   
21 Mellen Street
Cambridge, MA  02138
Posted: 10/20/2021

Cushman & Wakefield’s Multi-Family Advisory group is pleased to present for sale 24 Merrimack Street, a 47-unit, 100% market-rate apartment building located in the heart of downtown Lowell, Massachusetts. Gut renovated in 2016, the six-story building consists of an ideal mix of one-bedroom, two-bedroom, and three-bedroom units, as well as 7,000 +/- SF of fully leased ground-level commercial space.

Investment Highlights

Surrounded by Neighborhood Amenities- Lowell provides local foodies an abundance of dining options ranging from American Whiskey Bars like The Keep, to Mediterranean style such as Lemon and Thyme, to fusions of Italian, Korean and Vietnamese cuisine found at Sizzling Kitchen. Steps away from 24 Merrimack, residents can enjoy traditional Mexican fare at El Potro Mexican Grill or sushi at Fuji Lowell. The Property is also a short drive from Mill No. 5, an indoor streetscape filled with shops and a movie theater. Inspired by Chelsea Market in New York City, this unique location features a restored soda shop serving milkshakes and sodas as well as a bazaar filled with local artisans selling their crafts.

Tremendous Employment Base-Lowell offers a tremendous employment base, which is heavily driven by the healthcare and education sectors. The two largest employers in Lowell, Lowell General Hospital and UMass Lowell, employ approximately 3,800 and 2,260 employees, respectively. Additionally, the multinational software firm UKG is headquartered at the 1.2 million SF Crosspoint Towers oce complex located less than 3 miles from the Property. They employ over 1,600 employees at this location, with plans to hire 400 more over the next several years.

Convenient & Accessible Location-The Property is ideally located in downtown Lowell, less than one mile from the Lowell Commuter Rail Station, which provides direct access to Boston’s North Station in 50 minutes. Additionally, the Lowell Connector and I-93 are a 10-minute drive from the property, providing access to the area’s major roadways.

Exceptional Demographics- The Lowell area offers exceptional demographics with 201,000 people, 74,000 households, and an average household income of $101,000 within 5 miles of the Property.

25 Merrimack 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".

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24 Merrimack
47 Units
24 Merrimack Street
Lowell, MA  01852
Posted: 6/24/2021

Cushman & Wakefield has been exclusively retained by the Owner to arrange the sale of 245 Shawan Road ("245 Shawan", "The Site", or "The Property"), a 6.17 acre site in Baltimore County's most desirable locale - Hunt Valley, MD.  Located at the nexus of Interstate 83 and Shawan Road, the Site is an irreplaceable location that will create exceptional access to the MSA's top employers in addition to high-quality retail and lifestyle amenities.  The Site is zoned BM-CCC which provides attractive flexibility for developers and allows for up to 400 units to be built.  As one of only three sites in Baltimore County granted BM-CCC zoning, 245 Shawan represents an incredibly rare opportunity to build new multifamily product in the submarket and is poised to capture significant renter demand as residents flee the downtown market for the suburbs.

Hunt Valley is one of the most supply constrained submarkets in the Baltimore MSA with only one competing property and zero units in the development pipeline.  The area's exceptional demographics, high barriers to home-ownership, and attractive employment base are creating pent up renter demand and will create significant acceleration in the micromarket's apartment market fundamentals moving forward.  Developers are well-positioned to take advantage of these positive trends and deliver the next trophy multifamily project in this high-profile location.

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Under Contract
245 Shawan Road
   
245 Shawan Road
Hunt Valley, MD  21031
Posted: 12/7/2020