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MG2 Group At A Glance

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PROJECT STATUS
Project Approved: 3 | Developer Owned: 2 | Interior Finishing: 2 | Demolition: 1 | Construction Complete: 2 | Under Construction: 2 | Under Official Review: 1 | Acquired by Proponent: 2
WORK BY SECTOR
Housing: 11 | Parking: 1 | Affordable Housing: 1 | Retail: 6 | Office: 1 | Industrial: 1
PROJECT SIZES
$0 - $10M: 12 | $10M - $100M: 1 | $100M+: 0

As a vertically integrated real estate investment and development firm, MG2 specializes in identifying middle-market commercial real estate opportunities in urban areas across New England. Based in Boston, Massachusetts, MG2 invests in properties requiring creativity and tenacity to reposition them into higher income-producing holdings.

Built on hard work, commitment, and strong relationships, MG2 thrives on the ability to envision opportunity in areas traditionally ignored by most investors and real estate companies. The MG2 team's collective market knowledge and years of experience combine to create a firm with a reputation for excellence and dependability – and a record of accomplishment to support it.

 

Updates

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490 Bennington Street
- Aug 03, 2020

East Boston Development Site Acquired for $650K MG2 Group has acquired 490 Bennington Street for $650,000 and added the asset to a $25M acquisition facility with Corevest. The 3,825 square foot site, currently home to a single-family home, sits just a few blocks from the MBTA and Constitution Beach.  


11-19 Walley Street
- Jul 14, 2020

Facade Nearly Complete for East Boston Multi-Family Project Facade install is nearly complete for the multi-family building at 11-19 Walley Street in East Boston. The new 4-story building will feature 38 apartments, a mix of one, two, and three bedrooms plus a 25 car garage. Amenities on-site will also include a fitness center, common room, and roof deck.


287 Maverick St
- Jul 01, 2020

Wood Framing Nearly Complete for East Boston Condo Project Framing is nearly complete, with only one the top floor yet to be constructed at 287 Maverick Street in East Boston. The project will feature 37 condo units, five income-restricted, along with 2,180 square feet of retail space. Units will range in size from studios through two-bedrooms.


152-154 Liverpool Street
- Jun 20, 2020

Cut & Cap Permit Pulled for 152-154 Liverpool St.  A permit has been pulled to cut and cap the gas to the existing commercial structure at 152-154 Liverpool Street. A new mixed-use project set to include 23 residential units and 1 commercial space was approved for the site in May 2018.


319-327 Chelsea Street
- Jun 17, 2020

$6.135M Building Permit Pulled for Mixed-Use Project in East Boston A permit valued at $6,135,000 has been pulled to start construction of the mixed-use project at 319-327 Chelsea Street in East Boston. The new 5-story building will feature 38 apartments and ground-floor retail space fronting on Bremen Street.


2 Ford Street
- Jun 11, 2020

East Boston Development Site Financed for $4.84M MG2 Group has financed the property at 2 Ford Street in East Boston for $4.84M through MutualOne Bank. Currently, a proposal is under review for the site to construct a new 4-story building that would include 27 residential units, 1,630 square feet of ground-floor retail, and 25 accessory off-street parking.   


287 Maverick St
- Jun 04, 2020

Electrical Permit Pulled for East Boston Project An electrical permit valued at $820,000.00 has been pulled for electrical install at 287 Maverick Street in East Boston. The project will feature 37 condo units, five income-restricted, along with 2,180 square feet of retail space. Units will range in size from studios through two-bedrooms.  


277-279 Border Street
- May 31, 2020

Demo Permit Pulled for Border St. Site in East Boston MG2 Group has pulled a permit to demolish the existing single-story auto body shop located at 277-279 Border St. in East Boston. The demo will make way for a new mixed-use project to contain 18 residential units and 1 commercial space. Units will range in size from studios through 2 bedrooms.


277-279 Border Street
- Mar 02, 2020

Cut & Cap Permit Pulled for 277-279 Border St in East Boston A permit to cut and cap water service at 277 Border Street in East Boston has been pulled. Demo of the existing structure will make way for an approved 5-story mixed-use building. The new project would include 18 residential units, one commercial space, and 8 off-street parking spaces. 


319-327 Chelsea Street
- Jan 31, 2020

Demo Permit Pulled for 319-327 Chelsea St in East Boston A demo permit has been pulled to raze the funeral home at 319-327 Chelsea Street in East Boston. The demo will make way for a mixed-use building to feature 38 apartments plus ground-floor retail space. Parking for 42 cars will also be found onsite with 40 stacker spaces.


11-19 Walley Street
- Jan 31, 2020

Electrical & Fire Alarm Permits Pulled for 11-19 Walley Street Permits for both electrical and fire alarm install have been pulled for 11-19 Walley Street in East Boston. The new 4-story building will feature 38 apartments, a mix of one, two, and three bedrooms plus a 25 car garage. Amenities on-site will also include a fitness center, common room, and roof deck.


287 Maverick St
- Jan 16, 2020

Permit Issued for Gas Fit-Up at 287 Maverick  A permit has been pulled for the install of gas for the fixtures to the 37 residential units and 1 commercial space at 287 Maverick Street in East Boston. The 5-story building will also feature 30 vehicle and 38 bike parking spaces. Units will be a mix of studios through two-bedrooms. 


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MG2 Group's Recent Projects

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The Village at Greenbush
Interior Finishing
50 Country Way, Scituate, MA, 02066-4457
490 Bennington Street
Acquired By Proponent
490 Bennington Street, Boston, MA, 02150
60 Border Street
Construction Complete
60 Border Street, Boston, MA, 02128
11-19 Walley Street
Interior Finishing
11 Walley Street, Boston, MA, 02128
319-327 Chelsea Street
Under Construction
325 Chelsea Street, Boston, MA, 02128
287 Maverick St
Under Construction
287 Maverick Street, Boston, MA, 02128
2 Ford Street
Under Official Review
1 Boardman Street, Boston, MA, 02128
277-279 Border Street
Demolition
277 Border Street, Boston, MA, 02128
13-15 West Street
Acquired By Proponent
15 West Street, Everett, MA, 02149-2512
656 Saratoga Street
Project Approved
656 Saratoga Street, Boston, MA, 02128
2-10 Maverick Sqaure
Project Approved
2 Maverick Square, Boston, MA, 02128
152-154 Liverpool Street
Project Approved
152 Liverpool Street, Boston, MA, 02128