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Harvard Square buildings sell for $108 million

No plans to redevelop

People walking across the street. WIN12_ET/Shutterstock.com

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.