Dunstan East
Update
01/02/24
Newton Development Site Acquired for $48M: $117M Construction Loan Secured
Mark Development has sold the Dunstan East development site along Washington St. Dunstan St, & Kempton Place in Netwon to Garden Homes for $48,000,000. Garden Homes also secured a $117,000,000 construction loan for the project through Goldman Sachs. In October, Mark Development announced they would be transitioning ownership of the project to the New Jersey-based developer. The mixed-use project is set to include 292 residential units (of which 73 are affordable) with 8,000 square feet of ground-floor retail and significant public amenities.
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