Last month, MG2 completed its acquisition of 223 Marlborough / 11 Exeter in Boston’s Back Bay for $9.1 million. The signature building consists of ten individual units, totaling 12,200 square feet and was originally constructed in 1900.
With entrances on both Marlborough and Exeter Streets, the building’s location on the sunny side of Marlborough makes it an ideal residential location. Residents of this building will be minutes from some of Boston’s most beautiful natural resources, Commonwealth Avenue Mall, the Public Garden and the Esplanade. It is close to the desirable services and amenities of the Back Bay without sacrificing the tranquility that Marlborough Street is known for.
MG2 is currently planning to utilize its construction arm, Alaris Construction, to complete renovations on the building and units. Alaris allows MG2 to capitalize on cost savings as the firm’s highly specialized team continually delivers unparalleled work and has years of experience in historic renovations, as well as new construction.
Boston is experiencing an unprecedented building boom and the Back Bay continues to be a good investment. The neighborhood boasts some of Boston’s most sought-after properties and is definitely an area MG2 keeps a close focus on for investment opportunities.