November 21, 2007 Mara Bushari

The new NorthPoint development project in East Cambridge is being sold to Archon, the real estate branch of Goldman Sachs. According to the Boston Globe, the sales price will be more than $175 million after stiff competition for the site. The NorthPoint project was put on the market after legal disputes between owning partners earlier this year. The 44 acres of former rail yard is permitted for 5 million square feet of lab, residential, retail, office and hotel space. Two residential loft-style buildings, the Sierra and the Tango, are nearing completion. The entire complex will include 20 buildings, a 10 acre park and a new MBTA station to replace the Lechmere stop. As one of the only large-scale permitted projects in the highly competitive Cambridge commercial market, leasing potential for the complex is expected to be outstanding, especially with the proposed expansions of Microsoft Corp. and Google.

If you would like to see properties in this up-and-coming area, please do not hesitate to contact us.

Mara Bushari

Mara is a creative thinker and strategic marketer. She graduated Summa Cum Laude from Boston University’s College of Communication and worked in international finance before joining The Bushari Team. Mara strives to exceed expectations. As Client Relations Specialist, she is a key facilitator in all team transactions, making the buying or selling process as stress-free as possible for the client. Mara learned many of her extraordinary organizational and problem-solving skills during her service in the Israeli Defense Forces, where she earned the “President’s Award” for exceptional service. In the military, Mara solidified her abilities to achieve top results in high pressure and time sensitive situations. In her spare time, Mara enjoys skiing, photography and writing.

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