On The Dot Update 06/21/17

Ad Meloria and Core Investments acquire Southampton Street parcels, expanding Andrew Square development site

Developer Core Investments has acquired 1.42 acres of developable land along Southampton and Ellery Streets in Andrew Square for $5.25 million, expanding its’ Andrew Square undeveloped land holdings to 15.07 total acres. The sale amounts to $3,697,183.10 per acre. The newly acquired acres are located adjacent to 9.15 contiguous acres owned by the development team at 475-511 Dorchester Avenue, creating a 10.57-acre contiguous site. A second team-owned 4.5-acre site, 371-385 Dorchester Avenue, is located one parcel away. Developers Ad Meloria and Core Investments intend to jointly develop the Andrew Square parcels for commercial use. Core Investments is currently developing Washington Village, an eight building mixed-use development also located in Andrew Square.

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