Velo JP Update
Developer acquires site of approved 250-unit Forest Hills apartment development for $11.75 million
Criterion Development Partners has acquired the 2.2-acre site of its' approved 250-unit Residences at Forest Hills development, located across from Forest Hills Station, for $11.75 million. Criterion received approval from the City of Boston’s Zoning Board of Appeals (ZBA) to construct the $101 million, 235,000-square-foot project last summer. The project site is currently used as a surface commuter parking lot. The Residences at Forest Hills will also include 4,070 square feet of ground-floor retail and will be composed of three new buildings.