Terra

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire Terra, a transit oriented multifamily development opportunity located at 128 Spring Street in Everett, Massachusetts, just minutes north of Downtown Boston. The Property is shovel ready with complete drawings and approvals in-hand. The project is comprised of 233 apartment units, 214 parking spaces, 2,500 square feet of retail and a market leading amenity package.

Surrounded by significant economic drivers and a host of amenity offerings including Encore Boston Harbor, Cambridge Crossing, and Assembly Square, the Property offers an exceptional opportunity to capitalize on the high demand for housing in an urban in-fill location. Residents are moving to Everett to take advantage of the relative discount to downtown living, proximity to work, rapidly improving amenities and commutability of the location.

The Property is located just ½ mile from the Chelsea MBTA Silver Line (SL3) Station, which provides direct access to Boston’s Seaport District, South Station and Logan International Airport (6 minutes). Chelsea Station also features a Commuter Rail stop that provides immediate access to Boston’s North Station. Chelsea Station is the only transit hub in Greater Boston that provides both South Station (Silver Line) and North Station (Commuter Rail) connectivity. Terra also has immediate access to Route 16 and is five minutes from Route 1, with connections to I-93, I-90, and I-95.

Pricing & Process

Terra 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, Cushman & Wakefield will schedule a “Call for Offers”.