The new owner of a string of buildings in Cambridge’s Harvard Square has no plans to redevelop the properties.
Charlotte-based Asana Partners paid $108 million for 1-8 and 17-41A Brattle Street, which house stores such as Black Ink, Cardullo’s, the Gap, and the Harvard Coop.
Despite the titanic sum—and the properties’ prime location near the Red Line and Harvard University—Asana won’t redevelop the buildings. A managing partner at the firm told the Globe’s Katheleen Conti that it had “no plans to demolish the buildings, no plans to add density on top of it.”
That is far from the case with another set of nearby buildings on Brattle and John F. Kennedy streets that sold two years ago. They are now the locus of a major redevelopment for the changing area.
- Harvard Square properties sell for $108 million [Globe]
- Harvard Square buildings going up for sale, further changing Cambridge enclave [Curbed Boston]
- Harvard Square’s Curious George store to stay open under apparent long-term deal [Curbed Boston]
- Harvard Square's major changes, mapped [Curbed Boston]
- Red Line stations’ major construction—the big projects, mapped [Curbed Boston]