Millbrook Lofts

Union Square Lofts Mortgaged For $30.9 Million

The Millbrook Lofts located in Somerville's Union Square have been mortgaged for $30.9 million. The development features 100 creative loft apartments that are now leasing.

Built in a former cold storage building, Millbrook Lofts features exclusive modern finishes plus distinctive exposed concrete. Apartment configurations include studios, one-bedrooms and two-bedrooms. 

Berkeley Investments puts new Millbrook Lofts in Somerville up for sale, building could fetch $60 million

Berkeley Investments has put its’ new 100-unit Millbrook Lofts luxury apartment building in Somerville up for sale. Millbrook Lofts, which was completed in 2016, is 97%-leased, presenting a stable asset located steps to Kendall Square, Downtown Boston and rapid transit, in addition to Union Square, site of an upcoming MBTA Green Line station and $1 billion, 2.3-million-square-foot mixed-use development. Millbrook Lofts represents the transformational adaptive reuse of a 100-year-old cold storage facility into a contemporary loft-style apartment community, with residences including studios, one-bedrooms and two-bedrooms and multiple art-laden common spaces with a “creative living” theme.

Millbrook Lofts’ sale is expected to close at approximately $60 million, or $600,000 per unit. Berkeley has retained Holliday Fenoglio Fowler, L.P. (HFF) to serve as Millbrook Lofts’ listing broker. Residences at Millbrook Lofts range in size from 500 to 1,300 square feet, with an average unit size of 886 square feet. Rentable square feet at Millbrook Lofts total 88,601; the sale would amount to approximately $677.19 per rentable square foot. Millbrook Lofts is designed with an overall modern aesthetic that blends perfectly with historic loft elements. “Millbrook Lofts is an exceptional example of an adaptive re-use that captures the historic charm of the building's previous life while offering its residents modern conveniences and amenities,” said Mark Campbell, Director at HFF. “The authenticity of the building has certainly resonated with renters, which is reflected in the project's quick lease up and overall performance to date.”

Apartments at Millbrook Lofts feature exposed concrete ceilings and columns, reflecting a minimalist, industrial feel with contemporary amenities and finishes. “Our decision to preserve the concrete structure of the building and celebrate its industrial character resulted in a more authentic living experience for the building’s residents,” said Young Park, President of Berkeley Investments. Millbrook Lofts features multiple communal amenities, including a roof deck with sweeping skyline views and multiple common spaces, fostering a strong sense of community and a great networking opportunity for Boston’s innovators and professionals. “Being in the design industry myself, finding a community of artists and creatives living right here in my building was such an awesome opportunity for finding new friends and networking,” says Millbrook resident Mark Alexander.

Enjoy unique character with cutting-edge contemporary elements at Millbrook Lofts

In a recent WCVB Chronicle television feature, Berkeley Investments gave an exclusive tour of Somerville’s luxurious, newly opened Millbrook Lofts with a special overview of the building’s past as a cold storage facility housing lobsters. Berkeley has transformed what was once a “windowless industrial monolith” into a vibrant loft-style apartment community that preserves and integrates the historic building’s fundamental structure while introducing the most sought-after contemporary elements. These include common work spaces, state-of-the-art in-unit amenities and a common roof deck with sweeping skyline views.

The end result is an innovative light-filled building with configurable open spaces and original character conveniently located near Kendall Square and Downtown Boston. Visit the Millbrook Lofts website or call 617-209-7831 for more information, and check out the Millbrook Lofts television feature below:

Live creatively and environmentally friendly at Millbrook Lofts

100 new loft apartments are now leasing at Millbrook Lofts, a creative building with distinctive finishes ideally located in Somerville. Millbrook Lofts is LEED Gold certified, featuring state-of-the-art sustainable appliances, finishes and fixtures. With its’ environmentally-conscious engineering, Millbrook Lofts saves 2.4 Million kWh of electricity yearly and enough water yearly to fill over three Olympic sized swimming pools! Millbrook Lofts residents will enjoy comfortable, spacious living spaces with sweeping Boston and Cambridge skyline views and amenities including a roof deck, several communal spaces and a fitness center. Millbrook Lofts is now offering one month of free rent; visit the Millbrook Lofts website or call 617-209-7831 for more information. The following are photographs of Millbrook Lofts:

Creative living is the name of the game at now-leasing Millbrook Lofts. Built in a former cold storage building, this nearly-complete project features distinctive loft apartments laden with state-of-the-art modern finishes combined with authentic exposed concrete. The Bowdoin Construction and Reynolds Construction Services team is currently putting finishing touches on Millbrook Lofts targeting March 2016 occupancy.

Millbrook Lofts is conveniently located steps to Somerville's eclectic, vibrant Union Square as well as shops, supermarkets and restaurants at Twin City Plaza. A proposed Green Line transit station is also located nearby. The following are photographs of Millbrook Lofts: