"The deal hands Avery Hall Investments, the Brodsky Organization and Monadnock Construction control of a prominent build site in the Atlantic Avenue Mixed-Use Plan area."
"The properties sit squarely inside the Atlantic Avenue Mixed-Use Plan, a 21-block rezoning the City Council approved in May 2025 that clears the way for thousands of new homes."
"The plan is expected to add roughly 4,600 housing units and unlock hundreds of millions of dollars in public spending on parks, pedestrian safety and other neighborhood improvements."
A trio of developers has acquired vacant properties at 962 Pacific Street and 863 Dean Street, located within the Atlantic Avenue Mixed-Use Plan area. This acquisition marks the first major private purchase since the 2025 rezoning, which aims to introduce approximately 4,600 new housing units and significant neighborhood improvements. The Dean Street lot sold for around $16 million, attracting over 15 offers. The developers plan to create a mixed-use project that complies with updated zoning regulations, signaling a renewed interest in the long-stalled area.
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