The project at 875 Massachusetts Avenue, Cambridge, MA, was built as market-rate office condominiums at a total construction cost of $3.9 million. Despite the challenging economic conditions, including high borrowing rates during the early 1980s, the project was completed in 1984 and yielded an exceptional internal rate of return (IRR) exceeding 28%. This performance highlights the success of the project, generating significant returns on investment over the four-year development period.
