The Alden 117 N Main St Lot | Terrain commercial | 0,98 ha | À vendre | Brockton, MA 02301

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire The Alden. This approved and shovel ready, 100% market rate transit-oriented multifamily development opportunity is located at 117 North Main Street in Brockton, Massachusetts, approximately 22 miles south of Downtown Boston. The project is approved, fully drawn and permit ready. The Alden is comprised of 100 apartments in a single five-story building featuring a mix of studio, one-bedroom and two-bedroom apartment homes, approximately 2,000 square feet of ground-floor commercial space and 125 surface parking spaces. The Alden combines institutional-quality design, efficient floor plans, and modern resident amenities within a highly accessible commuter-oriented location. The building incorporates contemporary masonry and panel façade detailing, large window lines, and efficient floor plans designed to maximize functionality and livability across all unit types. The property is located within Brockton’s rapidly evolving downtown and the project is intended to capitalize on the demand for attainable high quality housing alternatives within Greater Boston, where rising homeownership costs and limited housing supply continue to enhance multifamily fundamentals in secondary urban markets. Situated 2 blocks from the Brockton MBTA Commuter Rail Station and BAT regional transit hub, The Alden’s location offers direct access to Downtown Boston and surrounding employment centers throughout Greater Boston. The property is within a 10-minute walk of many of the city’s civic, cultural, and commercial destinations, including: Brockton City Hall, Main Public Library, Downtown
shops, services, and restaurants, and Massasoit Community College. Additionally, the property benefits from immediate connectivity to Route 24, providing convenient regional access north to I-93 and Boston, and south to I-495.
The property is located in a federally designated Opportunity Zone (OZ). In 2025 the One Big Beautiful Bill Act (OBBBA) made Opportunity Zones (OZ) permanently part of the tax code and improved the incentives as it relates to capital gain deferral, basis increase and capital gain exclusions. The new regulations are substantially more advantageous for developers and equity partners, and will take effect January 1, 2027. The timing of the new OZ 2.0 regulations is ideal considering The Alden’s true shovel ready status. In addition, The Alden benefits from state and city support, including already awarded HDIP tax credit equity and an approved Tax Increment Exemption (TIE) agreement with the City of Brockton. Collectively, these incentives significantly enhance the project and the incoming developer’s ability to deliver a transformative development in the heart of Downtown Brockton.