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289 Moody St
Project type
acquisition / condo conversion
Date
July 2024
Location
Waltham MA
289 Moody is a +/-
35,855 SF mixed-use asset which consists of
ground floor retail space, 12 artist studios, and
six loft style apartments. The asset, which is
titled Lincoln Studios, has approximately 90
feet of frontage on Moody Street and features
impressive brick-and-beam style construction,
high ceilings, remarkable window lines and was
fully renovated in 2006. Additionally, the property
includes 17 surface parking spaces. 289 Moody
represents a rare opportunity to acquire scale
in one of Boston’s fastest-growing submarkets,
but also offers investors the ability to add value
through a larger redevelopment. The asset’s
exceptional location allows tenants and residents
quick access to the MBTA Commuter Rail which
leads to the large employer base that makes up
the area. Waltham is home to some of the most
significant employers within Greater Boston and
has separated itself as a leader in the life science
space and burgeoning retail market.