45 Townsend Update 06/20/17

Kensington expands 45 Townsend development site with acquisition of adjacent parcel


Kensington Investment Corporation, developer of the proposed 380,000-square-foot 45 Townsend mixed-use development in Roxbury, has acquired an adjacent home at 33-35 Townsend Street, expanding the development site to over five acres. The adjacent 3,432-square-foot home stands on a 0.08-acre lot and was acquired by Kensington for $750,000, or $218.53 per square foot. The home is one of several along Townsend Street located adjacent to the 4.96-acre former Jewish Memorial Hospital site, on which 45 Townsend is proposed to be built. 45 Townsend would feature 322 market-rate apartment residences with desirable modern amenities including an outdoor pool with grills, a yoga studio and a business center.

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