The Eastern Bakers Supply Co. property at 133-169 North Washington Street in Boston’s North End has been acquired by Boston-based development firm Ad Meliora for $10.5 million. The row of five parcels includes two commercial buildings totaling 25,000 square feet, a vacant lot, and a three-unit residential building.
Ad Meliora has been active in residential conversions at Boston churches and the Charlestown Navy Yard. A spokesperson for the company Ben DiScipio told Banker & Tradesman, “We’re looking forward to working with the neighbors and community to build a wonderful project. It’s a prominent location for the city of Boston and we’re excited to play a part in it.”
North Washington Street has seen similar sales and conversions in the past. In 2013 Michelle Holdings Inc. received zoning variances to change the former Tecce’s Restaurant location to twenty residential units. (Watch a video from the NEWNC meeting discussing this change here.) In the Bullfinch Triangle area, the proposal for 88 North Washington Street has recently been approved to become a 14-story hotel. (More on 88NOWA here.)