BOSTON – Boston Realty Advisors, the largest independent real estate brokerage in Massachusetts, brokered the sale of 299 Broadway in Somerville, a promising development site.
The 2.6-acre site, at 299 Broadway and 15 Temple St., is in the Winter Hill neighborhood of the city. It is now the location of a Walgreens pharmacy, a former Star Market and a parking lot. The sale closed on Oct. 11, 2023.
“It was a pleasure working with both the buyer and seller on this transaction," said Jason S. Weissman, Principal and Founder of Boston Realty Advisors. "The development partnership of Mark Development and Beacon Communities will add much needed affordable housing to the City of Somerville."
299 Broadway is less than a half mile from the Gilman Square stop on the MBTA's Green Line Extension and along several MBTA-operated bus lines.
For more information on the future development of the site and parties involved, please visit https://www.299broadwaysomerville.com .