Hines Sells 244-Unit LEED-Certified Cambridge Community
Rising six stories, the newly built, Class A community is located in the northeastern part of the city, next to the MBTA Alewife station
An entity owned by Wafra Residential Value Invest I—a Wafra Investment Advisory Group Inc. real estate platform for German institutional investors—has acquired Fuse Cambridge, a 244-unit residential asset in Cambridge, Mass., from Hines. CBRE/New England’s Capital Markets team represented the seller and procured the buyer of the Boston-area Class A community.
The property is located in the northeastern part of Cambridge, adjacent to the MBTA Alewife Red Line Station, offering easy access to routes 2 and 3. Completed in 2016, the six-story building comprises five levels of residential space, positioned on top of a single-story parking area.
High-end amenities
The LEED Silver-certified asset features 40 studios, 100 one-bedroom, 15 one-bedroom plus den, 80 two-bedroom and nine three-bedroom apartments. The average unit size is roughly 827 square feet. Common-area amenities at Fuse Cambridge include:
- sun deck with heated pool
- outdoor kitchen area with gas barbecue grills
- fitness center
- yoga/training room
- network lounge with separate conference room
- indoor living green wall
CBRE/NE multifamily experts Simon Butler and Biria St. John, both vice chairmen & partners, lead the brokering team.
Images courtesy of CBRE and Yardi Matrix
