News:
Owners Developers & Managers
Posted: April 25, 2025
Bradley of Horvath & Tremblay
arranges sale of 57 units for $5m
Springfield, MA Michael Bradley of Horvath & Tremblay has arranged the sale Mill & Fort Pleasant, a three-property, 57-unit multi-family portfolio. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5 million.
Mill & Fort Pleasant consists of three multi-family investment properties located at 64-74 Mill St. and 51 and 59 Fort Pleasant Ave. The portfolio consists of 29 two-bedroom/one-bathroom units, 20 one-bedroom/one-bathroom units, and eight studio units with 44,182 s/f of living area in 55,114 s/f of total gross area on a combined 0.61 acres.
Mill & Fort Pleasant is located south of downtown, between the South End and Forest Hills neighborhoods. 51 and 59 Fort Pleasant Ave. are adjacent properties and are a short walk to 64-74 Mill St. The location offers access to downtown amenities, including shopping, dining, entertainment, and employment opportunities. High profile attractions include the MGM Casino and the MassMutual Center, three hospitals, and several area colleges/universities. Municipal bus service is available in front of the properties, and the city’s Union Station is 1.5 miles away, offering Amtrak, Greyhound, Peter Pan and PVTA bus routes, as well as commuter rail service on the CTRail Hartford Line along the 62-mile Springfield – New Haven Corridor. The properties are located off I-91, which provides access to I-291, 391, 90, and US Rtes. 5 and 202.
MORE FROM Owners Developers & Managers
Windsor approves redevelopment of 500 Day Hill Rd. for mixed-use residential community
Windsor, CT The town has granted approvals for the redevelopment of 500 Day Hill Rd., clearing the way for a mixed-use residential community that will convert a former office campus into a housing development totaling approximately 300 residential units
.png)
Quick Hits
Columns and Thought Leadership
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch
On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
 (1).png)