(Read more on the multifamily market.)
BOSTON-Blaming the shifting tide in the housing arena, a plannedcondominium complex just being completed in the Charlestown NavyYard will convert to an apartment property, lead developer TrammellCrow Residential has said. Besides 26,000 sf of street-levelretail, HarborView has 224 residential units, offering a mix ofstudio, one- and two-bedrooms.
"With mortgage markets tightening nationwide and local housingsales continuing their slowdown, we determined that the bestdirection is to reposition the property as an upscale rentalbuilding," TCR principal Joseph Torg says in a release. The brokerwho had been marketing the units has a radically different take,however.
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