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4th @ Broadway

4th @ Broadway is 40,000 square foot mixed-use building consisting of 19 loft apartments, 8 commercial spaces and a parking garage ripe for redevelopment. The Property makes up a full city block in the downtown corridor of Chelsea, an infill suburb located just 4 miles north of Boston. The Property is within walking distance to the Silver Line, Commuter Rail and the new regional FBI headquarters.

Arx Urban has received final approvals to redevelop the site into a 62-unit mixed-income project consisting of LIHTC affordable and workforce units in addition to retaining the 10,000 square feet of existing retail and an off-street parking garage.

STRATEGY:

Covered Prime/ Development

ROLE:

Sponsor

LOCATION:

Chelsea, MA

ACQUISITION YEAR:

2016/2023 (est)

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