On The Dot Update 02/06/20

Andrew Square Development Site Mortgaged for $195 MIllion

The property at 371-511 Dorchester Avenue has been mortgaged by the owner, Core Investments, for $195 million via ACORE Capital.

The property features 15.07 acres of developable land located in the heart of Andrew Square owned by Core Investments, some owned jointly with Ad Meloria. The land includes 10.57 contiguous acres located at 475-511 Dorchester Avenue with frontage on Southampton Street, and a second 4.5-acre site, 371-385 Dorchester Avenue, located one parcel away.

The land is located steps to MBTA Red Line rapid transit service to Downtown Boston and Cambridge.

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