114 Orleans Update 08/25/16

City Real Estate acquires East Boston auto repair site for $1.135 million


Yesterday (August 24th, 2016), Brookline, MA-based City Real Estate Development Corporation (CREDC) acquired the 7,500 square foot parcel located in East Boston at 114 Orleans Street, steps to Maverick Square, for $1.135 million as recorded in the Suffolk County Registry of Deeds. Northern Bank & Trust Company provided a $908,000 mortgage towards the acquisition. CREDC recently filed a Letter of Intent with the Boston Redevelopment Authority (BRA) to construct a six-story mixed-use building in East Boston at 301-323 Border Street that would contain 64 residential units and approximately 1,200 square feet of ground floor commercial space. The following is the deed for CREDC's acquisition of 114 Orleans Street:


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