Fauntleroy Way apartment building sale confirmed

It’s usually not as easy to get information on major real-estate sales when they’re complete as it is to get information when the listings go up. Today, though, we have closure on one major listing we told you about — in May, we reported that Garden Terrace, a 32-unit building on Fauntleroy just south of the “Triangle” area (map), was up for sale for $4,650,000; this short article says it’s been purchased for close to the listing price by MorGro Investments LLC, which – according to a quick online search – also owns Harvard Market. 3:41 PM UPDATE: A tenant tells WSB the new owners have announced the sale to the tenants and told them that there are no CURRENT plans to turn the units into condos.

2 Replies to "Fauntleroy Way apartment building sale confirmed"

  • Angela September 30, 2008 (4:15 pm)

    I lived in those apartments for over 3 years when they were first built back in the 80’s. Not a bad place to live back then and they still seem pretty nice from the outside.

  • imnotmoving September 30, 2008 (6:28 pm)

    I live across the street and saw some business-ish men looking at the building across the street (standing in front of my building), acting like they own the thing, making comments, etc. Maybe they do own it now. If my building is sold, I will be so sad. It is all I can afford in when I am in grad school!

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