William C. Bill MacDonald Of Mill Creek Acquires Development Site In Allston For $19.49M

The asset involved in this transaction is a development site located at 250 Everett Street, Allston, MA. The property encompasses 250,000 square feet and consists of 235 units, with a price per unit of $82,936 and a price per square foot of $78. The total sale price for the property was $19,490,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $19,490,000
• Buyer: William C. “Bill” MacDonald
• Buyer’s Company: Mill Creek
• Lender: Santander Bank
• Construction Loan Amount: $94,980,000

William C. “Bill” MacDonald, representing Mill Creek, was the buyer in this transaction. Santander Bank provided a significant construction loan aimed at supporting a six-story multifamily project at the acquired site.