Proposed apartment development at Brighton-Brookline line resurrected with revised plans

KIG Real Estate Advisors proposes to construct a five-story building containing 115 apartment residences and 12,500 square feet of ground-floor retail space at 5 Washington Street in Brighton, steps from the Brookline line. The building would be located across from the Brighton Whole Foods Market and contain studio to three-bedroom residences. KIG’s proposed development replaces a previous 2014 proposal by Urban Spaces, which would have constructed 145 apartment residences above ground-floor retail that could have included a pharmacy.

KIG is a newly formed real estate development firm led by Justin Krebs, who was President of Trans National Properties until Fall 2016 and formerly a partner at Normandy Real Estate Partners. Krebs and KIG continue to work on behalf of Trans National to develop 2 Charlesgate West, a proposed $250 million, 29-story tower containing residences, offices and retail in the Fenway. KIG has filed a Letter of Intent (LOI) formally proposing the 5 Washington Street development with the Boston Planning & Development Agency (BPDA), starting the project’s official review process. Additional details and renderings will be revealed in a Project Notification Form (PNF) filing in the coming months.

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