Totals

Total Square Footage 324,393

General

Established 2003
Website MG2 Group

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

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. 


287 Maverick St
- Dec 07, 2019

Foundation Work Underway at 287 Maverick St. in East Boston Foundation work is underway for the upcoming 5-story mixed-use building at 287 Maverick St. in East Boston. The new building will feature 37 luxury condos, two studio units, 10 one-bedroom units, and 25 two-bedroom units, along with just over 2,000 square feet of ground-floor retail space.


11-19 Walley Street
- Dec 07, 2019

Framing Complete for 11-19 Walley St. Framing is complete and a majority of window install has also wrapped up at 11-19 Walley Street in East Boston. The new building will include 38 apartments, a mix of one through three bedrooms plus parking for 25 cars. Planned amenities include a fitness center, common room, and roof deck. 


60 Border Street
- Nov 15, 2019

East Boston Property Refinanced for $16.1 Million MG2 Group has refinanced the property at 60 Border Street in East Boston for $16.1 million via Northern Bank. The property features a 48,000 square foot warehouse with bridge cranes. 60 Border Street offers a mix of versatile warehouse and office space in a well-positioned location in East Boston with drive-in loading. The property also includes 3,750 square feet of office space.


319-327 Chelsea Street
- Nov 06, 2019

Permit Pulled for Test Borings at 319-327 Chelsea St. A permit has been pulled for 3 test boring at the site of the approved 319-327 Chelsea Street project in East Boston. The approved plans feature 38 apartments plus ground-floor retail space and parking for 42 cars.  The project will replace the Magrath Funeral Home on the site which has now been vacated. A change of ownership on the project was approved by the BPDA in September.  


11-19 Walley Street
- Oct 25, 2019

Plumbing permit Pulled for Walley St. Project in East Boston A plumbing permit has been pulled for the 38 unit apartment building at 11-19 Walley Street in East Boston.  Along with apartments ranging in size from one through four-bedrooms the project will include a fitness center and roof deck along with parking for 25 cars.


287 Maverick St
- Oct 08, 2019

Building Permit Issued for 287 Maverick in East Boston A building permit has been issued for the mixed-use project at 287 Maverick Street. Existing buildings on the site will first be razed to make way for the new construction project. The new building will include 38 condo units, five income-restricted units, 2,180 square feet of retail space, 30 off-street vehicle parking spaces.


13-15 West Street
- Oct 04, 2019

Boston Landmark Acquired for $2.3 Million The property at 13-15 West Street in Boston's Downtown Crossing has been acquired by MG2 Group for $2.3 million. The historic landmark was the home of Elizabeth Palmer Peabody's West Street Bookstore and a focal point to further discussion regarding women's rights, fine arts, history, mythology, literature, and nature. The property features a three-story, three-bay brick rowhouse with a side-gabled roof. The building’s brick façade, laid in common bond with narrow mortar joints, is painted light tan. The ground floor wood storefront is painted brown, light tan, and ivory and features two recessed entry bays flanking a central window bay.


319-327 Chelsea Street
- Sep 13, 2019

Change of Ownership Approved for East Boston Project The Boston Planning Board has approved the change of ownership of the previously approved project at 319-327 Chelsea Street in East Boston. The project will include 38 rental units, ground floor retail space and parking for 42 cars.  The project will replace the Magrath Funeral Home on the site. As the funeral home has now been relocated the new owners, MG2 Group, are looking to advance the project. 


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