Former residences for the Marist Fathers in Boston’s Bay Village will be converted into nine condominiums following the $11.4 million acquisition of the property by developer New Boston Ventures.
The residences were relocated to 13 Isabella St. after the residential building was subdivided from the church at 25 Isabella St. New Boston Ventures received $15.6 million in acquisition and construction financing from Hingham Institution for Savings.
New Boston Ventures has redeveloped the former Holy Trinity German Church at 136 Shawmut Ave. into condos and is building The Boulevard, a $59 million tower containing 31 condos at 110 Broad St. next to the Rose Fitzgerald Kennedy Greenway.
Colliers International’s CEO Tom Hynes, Senior Vice President Chris Sower and Executive Vice President Scott Dragos represented the Marist Fathers in the Bay Village transaction and Harry Collings represented New Boston Ventures. Colliers senior vice president Stephen Horan and associate Patrick Boyle procured the acquisition construction financing.