COMPLETED Project Highlights
Real Estate Management

THE WATERWORKS AT CHESTNUT HILL, BOSTON, MA
$7.4 MILLION SALE

• Mixed-use development to include: 112 high-end residential units, café, exhibit hall/ community space and restoration of three National Register Landmark buildings.
• Developer community benefits total $2,900,000.
• Additional $1,200,000 contribution to create Preservation Trust Entity to operate and maintain exhibit hall.
• Restoration of historic Olmsted Brothers landscape and creation of a revitalized urban park.
• Generation of approximately 200 construction jobs.
• Development provides over $60,000,000 to the City of Boston’s tax base.
  

FORMER DANVERS STATE HOSPITAL
$18.6 MILLION SALE

• 500 units of housing, 100 ages-restricted units, 70 affordable units.
• Historic Preservation of 100,000 SF (43%) of original Kirkbride building for residential reuse.
• $3.1 million to be deposited into an affordable housing trust fund that assists Department of Mental Health (DMH) clients.
• Contribution to various Trust Funds as follows:
• $100,000 to DMH job training
• $1 million to Danvers Education
• $500,000 to Danvers Historic Preservation
• $500,0000 to Danvers Affordable Housing
  
• Creation of new athletic field for Town.
• Over $1million in property taxes for Town
• Thousands of seasonal construction jobs.
• Click here to learn more.
  

FORMER BOSTON STATE HOSPITAL, BOSTON

• Approximately 600 units of mixed-income housing.
• Job training center, commercial development, and a recreational facility.
• The “Heritage House” supporting people with mental illness.
• A Boston gem nestled within the Olmsted “Emerald Necklace”.
• Phase I scheduled for construction in spring 2006.
• Click here to learn more.
  

DEPOT ROAD LAND PARCEL, WILLIAMSBURG

• The property is 26.15 acres of vacant wooded land on a hill.
• Surrounded by a beautiful wildlife preserve owned by MA Audubon Society.
• Includes nature-walking trails.
• Click here to learn more.
  

105 SOUTH HUNTINGTON AVENUE, BOSTON – PARCEL A
$1.5 MILLION SALE

• 1.15 acres prime, TOD urban redevelopment site (currently vacant) located in the Jamaica Plain section of Boston across the street from MBTA E line and major bus routes.
• Developer/owner seeking a build to suit institutional partner.
• As of right uses include institutional and residential uses.
• Jobs and tax revenue for the City of Boston.
• Click here to learn more.
  

FORMER FOXBOROUGH STATE HOSPITAL
$5.1 MILLION SALE

• 5.2 contiguous acres of land conveyed to the Foxboro Housing Authority (FHA) for construction of affordable housing.
• Private redevelopment plan includes 162 market-rate and 41 affordable residential units, as well as commercial and retail space.
• Thousands of seasonal construction jobs created. Dozens of retail employment opportunities once construction complete.
• New recreational fields to be developed for the benefit of Town residents.
• Increased tax revenues and small businesses for Town of Foxborough.
• Click here to learn more.
  

FORMER METROPOLITAN STATE HOSPITAL “MAIN CAMPUS SITE,” LEXINGTON
$10.7 MILLION SALE

• Planned luxury apartment complex comprising 387units.
• Units available to low to moderate-income residents.
• Apartments reserved for tenants age 55 and older.
• Spectacular views of surrounding open space preservation.
• Click here to learn more.
  

100 NASHUA STREET - FORMER REGISTRY OF MOTOR VEHICLES, BOSTON
$19 MILLION SALE

• Property located adjacent to Charles River Park and the Inner Boston Harbor.
• A short walk to the retail, financial, and government districts in downtown Boston.
• Close to the North Station Commuter Rail Line connecting to cities and towns north of Boston, as well as MBTA train and trolley lines serving the greater Boston area.
• Click here to learn more.
  

FORMER ARMORY: 191 HIGHLAND AVENUE, SOMERVILLE
$2.6 MILLION SALE

• Currently being re-developed for use as a community arts center and condominiums.
• The Town's tax base positively impacted.

FORMER LAWRENCE MILLS COMPLEX, LOWELL, MA
$3.1 MILLION SALE

• Public/Private partnership to develop 13-acre mill site.
• Over $3.1 million in revenue gained for the conveyance of 4 parcels.
• Phase I includes 153 residential condominiums and new waterfront public park linked to the City of Lowell Riverwalk.
• Phase II to include mixed-used residential and commercial development.
• Last remaining development parcel uniquely positioned adjacent to the LeLacheur Baseball Stadium, home of the Lowell Spinners.

FORMER LAWRENCE MILLS BUILDINGS: PERKINS STREET, LOWELL
$2.3 MILLION SALE (also see Mills Complex above)

• Property currently being considered as possible mixed commercial and residential development.
• The developer has prior experience with the redevelopment of historical structures.
• Dozens of construction jobs created.
• The City's tax base positively impacted.

FORMER MHD MAINTENANCE DEPOT: 110 & 116 PARK STREET, BEVERLY
$676,500 SALE

• Additional space created for the expansion of an abutting business.
• Created lease space for additional commercial businesses that provide private services to the community.
• Many construction related jobs created for the improvements to the property.
• The City's tax base positively impacted.
• Click here to learn more.
  

FORMER MWRA MAINTENANCE FACILTIY: GLENWOOD YARD, MEDFORD
$2.1 MILLION SALE

• 40-market rate and 1 affordable rate unit.
• Projected construction cost of $14 million including over $800,000 in developer sponsored infrastructure improvements.
• Dozens of construction related jobs created.
• The City's tax base positively impacted.
• Click here to learn more.
  

FORMER MWRA MAINTENANCE FACILITY: 150 CROSS STREET, WINCHESTER
$869,000 SALE

• Re-developed for office space and construction vehicle storage.
• The Town's tax base positively impacted.
• Click here to learn more.
  

FORMER VACANT STATE-OWNED LAND: BAKER AVENUE & GIFFORD LANE, CONCORD
$120,000 SALE

• Resulted in the construction of 7 "affordable" and 1 market rate home.
• Innovative partnership between the state, municipality, community and non-profit developer.
• The Town's tax base positively impacted.
  

FORMER STATE –OWNED LAND: OFF CHARTER ROAD (ROUTE 2), ACTON
$165,000 SALE

• $165,000 in revenue realized by the Commonwealth of Massachusetts.
• Currently being used for expansion and open space.
• The Town’s tax base positively impacted.
  

FORMER STATE –OWNED LAND: ROUTE 62 & ROUTE 2, CONCORD
$231,000 SALE

• $231,000 in revenue realized by the Commonwealth of Massachusetts.
• Redeveloped for housing.
• Projected construction cost of $400,000.
• Approximately 40 construction related jobs created.
• The Town’s tax base positively impacted.
  

FORMER STATE –OWNED LAND: 533 MAIN STREET, FITCHBURG
$315,000 SALE

• $315,700 in revenue realized by the Commonwealth of Massachusetts.
• Redeveloped for education & residential uses.
• Projected construction cost of $3,000,000.
• The City’s tax base positively impacted.
  

FORMER STATE –OWNED LAND: 61 WALNUT STREET, LEXINGTON
$5.6 MILLION SALE

• $5,610,000 in revenue realized by the Commonwealth of Massachusetts.
• Redeveloped for residential use.
• The Town’s tax base positively impacted.
  

FORMER STATE –OWNED LAND: 93 EAST CENTRAL STREET, NATICK
$1.3 MILLION SALE

• $1,314,500 in revenue realized by the Commonwealth of Massachusetts.
• Redeveloped as residential townhouses.
• Approximately 25 construction related jobs created.
• Projected construction cost of $5,500,000.
• The Town’s tax base positively impacted.
  

• $1,402,500 in revenue realized by the Commonwealth of Massachusetts.
• Redeveloped for residential use.
• The City’s tax base positively impacted.
  

FORMER UNDERUTILIZED DMR LAND ON ROUTE 9, SHREWSBURY
$1.98 MILLION SALE

• $1,980,000 in revenue realized by the Commonwealth of Massachusetts.
• 14.879 acres of land conveyed for commercial development.
• Property to be assembled to a planned commercial development, which will include Home Depot, Staples, CVS, Bed, Bath and Beyond and Stop & Shop.
• Dozens of construction related jobs created.
• The Town’s tax base positively impacted.
  

FORMER STATE –OWNED LAND: OAK STREET, RAYNAM
$121,000 SALE

• $121,000. in revenue realized by the Commonwealth of Massachusetts.
• Redeveloped for residential use
• The Town’s tax base positively impacted.
  

FORMER STATE –OWNED LAND: BROADWAY (Route 138), RAYNAM
$106,000 SALE

• $106,700 in revenue realized by the Commonwealth of Massachusetts.
• Redeveloped for expansion of commercial use
• The Town’s tax base positively impacted.

SOUTHBRIDGE ARMORY – 153 CHESTNUT STREET, SOUTHBRIDGE
$737,000 SALE

• $737,000 in revenue realized by the Commonwealth of Massachusetts.
• Purchased by the Inhabitants of the Town of Southbridge.
• 2.92+ acres of land and building.
• Anticipated uses include community and recreation center.
• Click here to learn more.
  

WALTHAM ARMORY – 34 SHARON STREET, WALTHAM
$990,000 SALE

• $990,000 in revenue realized by the Commonwealth of Massachusetts.
• 0.66-acre site with one building of 18,300 sq. ft.
• adjacent to Waltham Weston Hospital & Medical Center.
• Registered on the State and National Historic Register.
• Click here to learn more.
  

FORMER STATE –OWNED LAND: PLAIN STREET, MIDDLEBOROUGH
$1.65 MILLION SALE

• $1.65 million in revenue realized by the Commonwealth of Massachusetts.
• 15.5+ acres of vacant forested land.
• Residential rural zoning.
• Click here to learn more.
  

ROUTE 128 REST AREA IN NEWTON

• On behalf of the Massachusetts Highway Department, DCAM completed a multi-million dollar ground lease redevelopment project consisting of an Auto Service Station, Restaurant, Rest Area located on Route 128 - Newton, MA. McDonald’s Corporation is the developer, Lessee, and Operator of the Rte 128 complex. The term of the ground lease is 10 years with one ten-year option to extend.
• Click here to learn more.

ROUTE 128 REST AREA IN LEXINGTON

• On behalf of the Massachusetts Highway Department, DCAM completed a multi-million dollar ground lease redevelopment project consisting of an Auto Service Station, Restaurant, Rest Area located on Route 128 - Lexington, MA. McDonald’s Corporation is the developer, Lessee, and Operator of the Rte 128 complex. The term of the ground lease is 10 years with one ten-year option to extend.
• Click here to learn more.

ROUTE 3 REST AREA (South Bound) IN PLYMOUTH

• On behalf of the Massachusetts Highway Department, DCAM completed a multi-million dollar ground lease redevelopment project consisting of a Restaurant and Rest Area located on Route 3 - Plymouth, MA. McDonald’s Corporation is the developer, Lessee, and Operator of the Rte 3 complex. The term of the ground lease is 10 years with one ten-year option to extend.
• Click here to learn more.

ROUTE 6 REST AREA IN BARNSTABLE (CAPE COD)

• On behalf of the Massachusetts Highway Department, DCAM completed two ground lease redevelopment projects consisting of an Auto Service Station, Restaurant, Rest Area located on Route 6 - Barnstable, MA (Cape Cod). DCAM has two separate ground leases at this locations.
• Click here to learn more.