Redevelopment Opportunity | Jamaica Plain, Boston
EXECUTIVESUMMARYBoston Realty Advisors is pleased to present the opportunity to acquire
282-294 Hyde Park Avenue, an exceptional redevelopment opportunity located in a burgeoning Boston submarket; Jamaica Plain. The offering, comprised of ±12,300 square feet of land, is a unique asset in a prime location and presents investors and developers a multitude of future uses.
Jamaica Plain is one of Boston’s most dynamic and rapidly evolving submarkets. Multi-family development has been booming in this neighborhood, especially along Washington Street and the surrounding areas. Furthermore, 282-294 Hyde Park Avenue offers ample accessibility to Downtown Boston and the surrounding area. The property is ideally positioned just 0.6 miles from Forest Hills Station, which is serviced by the MBTA Orange Line and Commuter Rail, as well as over eighteen (18) bus routes. By car, it is only a 20 minute drive to Downtown Boston via Washington Street. Jamaica Plain has become a premier destination for institutional investment and continues to grow. The rapid transformation of the area coupled with the wide range of development alternatives, make
282-294 Hyde Park Avenue outstandingly positioned for long-term benefit.
282-294 Hyde Park Avenue is offered for sale on an un-priced basis. We will be conducting tours of the property with a “call-for-offers” to follow.
With over 40 projects in the pipeline, Jamaica Plain continues to transform at a fast pace. Currently, there are around 1,000 residential units under construction and an additional 300+ approved units by the Boston Planning & Development Agency.
Jamaica Plain is Boston’s most diverse and dynamic neighborhood. Multi-cultural eateries, unique shops and serene green spaces such as The Arnold Arboretum, Emerald Necklace, and Jamaica Pond, make JP truly
Strong Market Dynamics
Jamaica Plain has become a premier submarket of Boston; in the last 4 years rental-rates have increased by 10% and home prices by 30%. Along with the continuous growth in real estate prices, JP is a haven for young professionals
282-294 Hyde Park Avenue is a prime site presenting an array of redevelopment opportunities in an increasingly growing submarket.
Nicholas M Herz
Managing Director & Partner
Jason s Weissman
Founder & Senior Partner
andrew b herald