Boston, MA Doug Marr of Keliher Real Estate Boston has sold The Church of The Immaculate Conception located at 530 Harrison Ave. in the city’s South End for $12.3 million.
The property is an entire city block at the corner of Harrison Ave. and East Concord St. The property has been approved for 182,000 s/f of 58 residential units and 25 garage parking spaces.
The seller was GTI Properties and Mainsail Management. The buyer R.S. Development plans high end residential apartments.
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