Mixed-Use Land for Sale in Boston, Massachusetts

Freudenheim Partners and JBS Commercial Real Estate are pleased to introduce the Terrace Street Portfolio, an entitled residential development opportunity located in Boston's Mission Hill neighborhood. The offering consists of two independent, strategically aligned projects that may be acquired individually or together, providing flexibility across rental and for sale execution strategies in a high barrier submarket adjacent to the Longwood Medical Area.

Offering Highlights

• Entitled dual project residential opportunity offered individually or as a portfolio
• Prime Mission Hill location approximately 500 feet from the Roxbury Crossing MBTA Orange Line
• Less than 0.5 miles from the Longwood Medical and Academic Area, Boston's largest non downtown employment hub
• High barrier, supply constrained submarket supporting durable rental and for sale demand

Terrace Street Apartments | 110 128R Terrace Street

• 79 unit mixed income multifamily development
• One ground floor retail space totaling approximately 3,000 square feet
• 85,147 gross square feet with 32 below grade parking spaces

Terrace Place Condominiums | 1 and 4 Terrace Place

• 47 unit luxury for sale condominium development
• 49,866 gross square feet
• 15 below grade parking spaces
• Entitled Dual Project Residential Opportunity: Two independent, strategically aligned entitled developments consisting of a 79 unit mixed income multifamily rental project with ground floor retail and a 47 unit luxury for sale condominium project, offering flexibility to execute a rental, for sale, phased, or blended strategy.
• Prime Mission Hill and Longwood Location: Approximately 500 feet from the Roxbury Crossing MBTA Orange Line and 0.5 miles from the Longwood Medical and Academic Area, Boston's largest non downtown employment hub and one of the strongest drivers of regional housing demand.
• High Barrier, Supply Constrained Submarket: Limited developable land, restrictive zoning, and strong community oversight continue to constrain new housing supply, supporting low vacancy, pricing growth, and long term asset performance across both rental and for sale product types.
• Durable, Recession Resistant Demand Drivers: Sustained housing demand supported by more than 100,000 healthcare, research, and academic jobs, proximity to world renowned medical institutions, and nearby universities.
• Efficient and Diversified Residential Programs: The entitled multifamily project features micro through three bedroom layouts with approximately 82% market rate and 18% affordable housing, while the entitled condominium project offers a boutique luxury unit mix designed to capture strong Mission Hill for sale demand.