Interesting bit of news out of the South End, today.
Local real estate developer Paul Roiff just bought up a six-building parcel of land along the Mass Pike, between the South End and Back Bay.
Very interesting. These could remain apartment units, of course, but, if the numbers work, perhaps they could become a condo conversion project.
This is the same area where the Columbus Center is supposed to go up, so, if Mr. Roiff is patient, he could be a part of a very popular and rapidly developing neighborhood.
Boston Business Journal
Paul Roiff, a restaurateur and real estate developer, purchased a 42-unit, six-building residential portfolio in Boston’s South End neighborhood.
The $11 million acquisition was announced on Monday by NAI/Hunneman Commercial Co., which represented the seller, Tremont Cortes LP.
The apartment buildings are located on Tremont and Cortes streets in Boston’s South End. The portfolio is 42,240 square feet and includes six Victorian-style apartment buildings constructed in the 1900s and rehabilitated in the 1970s, according to NAI/Hunneman. Together, there are 12 three-bedroom, 21 two-bedroom, six one-bedroom and three studio units.
Complete article: South End residential portfolio bought for $11M
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