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Auction Details
Auction Address:
1717 Hyde Park Ave., a/k/a 1725 Hyde Park Ave.,
Hyde Park, MA 02136
Date/Time:
Jul. 19, 2024, 11:00 AM
Auction Description
Mortgagees Sale of Real Estate and Secured Party Sale of Personal Property at Public Auction
2.73 +/- acres of land. A proposed redevelopment is currently under review with the BPDA. Redevelopment plan consists of a 6-story complex known as "The Residences at Readville Station." The requested redevelopment proposal consists of constructing approximately 273 residential units, a below-grade parking garage for up to 267 vehicles and 3,617 +/- sf restaurant/retail space. Further information on the proposed development, according to the BPDA website HERE highlights the following:
Approximately 273 Residential Units
3,617 +/- sf restaurant/retail space
267 garage parking space / 6 surface parking spaces
2 full sized loading bays
Private pocket park open to the public
Interested parties are invited to execute a Disclaimer, Non-Reliance, Release, and Confidentiality Agreement for access to a Data Room containing certain information about the sale. For further information, please contact Samantha Saperstein at ssaperstein@pesco.com
Terms of Sale: A deposit of $50,000 by certified or bank check will be required at the time & place of the sale. Deposit must be increased to 10% of bid price within 10 business days of the sale & balance of the bid price must be paid within 30 days. All other terms announced at sale. Neither Auctioneer nor Mortgagee nor Attorney make any representations as to the accuracy of the information contained herein. Barry G. Braunstein, Esq., Riemer & Braunstein LLP, Boston, MA, Attorney for the Mortgagee/Secured Party.
THIS SALE HAS BEEN PREVIOUSLY CONTINUED DUE TO BANKRUPTCY