Project Details

• The property closed in March 2019, and construction is under-way.
• Located in Cambridge, close to Kendall Square.

Navem Role

• Navem secured the project through an off-market relationship, in an un-marketed deal.
• Navem navigated complex ownership dynamics—purchasing from a condo association after a fire destroyed the prior property. Prior to purchase, the property sat vacant for more than 2 years.
• Navem is looking to rapidly rebuild and deliver a property that will add value not just to its investors, but also to the surrounding Cambridge neighborhood.