Chestnut Hill Realty
| Chestnut Hill Realty, Cambridge MA.jpg | |
 | |
| Private | |
| ISIN | 🆔 |
| Industry | Real estate/multifamily housing |
| Founded 📆 | |
| Founder 👔 | Edward Zuker |
| Headquarters 🏙️ | , , United States |
Area served 🗺️ | Greater Boston and Rhode Island |
Key people | Edward Zuker, Chief Executive Officer; Robert Zuker, Chief Operating Officer; Peter Poras, President, Investment Division; George McHugh, President, Property Management Division; |
| Products 📟 | Apartment management, apartment investing, apartment rentals, corporate/temporary housing, real estate development and commercial leasing |
| Members | |
Number of employees | 200 (2013) |
| 🌐 Website | chestnuthillrealty |
| 📇 Address | |
| 📞 telephone | |
Chestnut Hill Realty is a privately held real estate company based in Chestnut Hill, Massachusetts, that specializes in purchasing, renovating, developing, operating and leasing real estate, with a focus on multi-family residential housing.
CHR owns and manages 28 apartment communities comprising more than 4,700 units in Greater Boston and Rhode Island.[1] The company's holdings are valued at more than $1 billion.[2][3]
History[edit]
Chestnut Hill Realty was established by Edward Zuker in 1969. Zuker continues to serve as CEO of the company, which employs several members of the Zuker family in various capacities. The company's first office was at 369 Harvard Street in Brookline, Massachusetts.[4] For more than 20 years, the corporate office was located at 1223 Beacon Street in Brookline and the company's headquarters is now at 300 Independence Drive in Chestnut Hill, Massachusetts.
Services[edit]
Service offerings include apartment rentals, corporate/temporary housing, real estate development and commercial leasing.[5][6]
Awards[edit]
Chestnut Hill Realty received the Rental Housing Association Community of Excellence Award in 2008 for its Brattle Arms, Cambridge, Massachusetts, property and RHA's Community of Excellence Award in 2009 for Hancock Village, Chestnut Hill, Massachusetts.[7] The company also has earned 31 horticultural awards[8] from the Institute of Real Estate Management for landscaping at various properties between 2004 and 2011.[citation needed]
Chestnut Hill Realty founder Ed Zuker is a past recipient of the Rental Housing Association's Industry Excellence Award, the 2010 Urban Land Institute’s Jack Kemp Workforce Housing Models of Excellence Award for his contributions to the B’nai B’rith 33 Comm condominium development and the Mollie L. Moon Volunteer Service Award for his contributions as chairman of the Building Committee for the Urban League of Eastern Massachusetts.[4][9]
Neighborhood Criticism[edit]
Some residents of the South Brookline neighborhood adjacent to one of Chestnut Hill Realty's largest holdings (Hancock Village) have actively fought attempts to expand the development. In September, 2014, a judge dismissed a lawsuit intending to stop the proposed expansion.[10]
Properties[edit]
Chestnut Hill Realty's residential portfolio includes more than 4,700 apartment units, including seven properties with 124 units in Brighton, Massachusetts; seven properties with 463 units in Brookline, Massachusetts;[11] and seven properties with 302 units in Cambridge, Massachusetts.[12][13] Among the more prominent properties owned by the company are:
Greater Boston
- Hancock Village:[8] a 789-unit townhome apartment community, originally build as housing for World War II veterans by Hancock Insurance, located on 80 acres in Boston, Brookline and Chestnut Hill, Massachusetts.
- 1443 Beacon Street:[14] a 115-unit luxury high-rise apartment building located in Coolidge Corner in Brookline, Massachusetts.
- Fenway Diamond Apartments at 9 Miner Street:[15] a 49-unit luxury apartment building located in Fenway Area in Boston, Massachusetts.
- Longwood Towers:[3][16][17][18][19] Alden Tower, an 86-unit high-rise in a 280-unit condominium community, located adjacent to the Longwood Medical Area in Brookline, Massachusetts.
- Ridgecrest Village: a 404-unit, single-level and townhome community located on two parcels of land in West Roxbury, Massachusetts.
- Norwood Gardens: a 344-unit, garden-style apartment community featuring single-level floorplans in a suburban setting.
- Norwest Woods:[20][21] a 406-unit apartment community featuring townhomes and single-level floorplans and luxury amenities in Norwood, Massachusetts.
- Waterfall Hills at Canton:[22] a 243-unit community of single-level apartments surrounded by conservation land in Canton, Massachusetts.
- Village Green:[23] a 400-unit, single-level apartment community located in Plainville, Massachusetts.
- Water View:[24] a 581-unit apartment community located on two parcels of land in Framingham, Massachusetts.
Rhode Island
- The Regency Plaza:[citation needed] a 444-unit luxury apartment tower in the heart of downtown Providence, Rhode Island, with 24-hour concierge services.
- Bay View Estates:[citation needed] a 130-unit apartment community Portsmouth, Rhode Island consisting of a high-rise tower and garden-style residences.
References[edit]
- ↑ "Chestnut Hill Realty pays $25 million for portfolio". Boston Business Journal, Bizjournals.com. Sep 15, 2011. Retrieved 26 March 2012.
- ↑ Zuker, Edward. "Chestnut Hill Realty Executive Team & Management". Retrieved 26 March 2012.
- ↑ 3.0 3.1 "Executive Q&A With Ed Zuker". Boston SF, Bostonsf.com. Feb 20, 2012. Retrieved 26 March 2012.
- ↑ 4.0 4.1 "Edward Zuker Establishes Apartment Rental Office 'Chestnut Hill Realty' in 1969". New England Real Estate Journal/nerej.com. Nov 27, 2009. Retrieved 26 March 2012.
- ↑ "Development: Chestnut Hill Realty Redevelops Properties to Attain Highest and Best Use". New England Real Estate Journal/nerej.com. Nov 27, 2009. Retrieved 26 March 2012.
- ↑ "Chestnut Hill Realty's Investment Division". New England Real Estate Journal/nerej.com. Nov 27, 2009. Retrieved 26 March 2012.
- ↑ "Brattle Arms, Cambridge, Mass., Receives 2008 RHA Community of Excellence Award". New England Real Estate Journal/nerej.com. Nov 27, 2009. Retrieved 26 March 2012.
- ↑ 8.0 8.1 "IREM President's Message: Landscape Contest Success". New England Real Estate Journal/nerej.com. Dec 3, 2010. Retrieved 26 March 2012.
- ↑ "Four Outstanding Development Receive Jack Kemp Workforce Housing 2010 Models of Excellence Award from ULI Terwiller Center on Workforce Housing". Urban Land Institute/www.uli.org. Retrieved Nov 18, 2010.
- ↑ "Judge throws out town's Hancock Village. The Town of Brookline appealed and the appeal is under review. lawsuit". Brookline Tab. Sep 17, 2014. Retrieved 2 October 2014.
- ↑ "Condo Management Firms in Allston, Brookline Merge". Boston Business Journal, Bizjournals.com. March 22, 2000. Retrieved 26 March 2012.
- ↑ "Chestnut Hill Realty purchases 6-building, 87-unit apartment portfolio for $24.8 million". New England Real Estate Journal/nerej.com. Oct 7, 2011. Retrieved 26 March 2012.
- ↑ "Brattle Arms Building Sold for $10.8M". Boston Business Journal, Bizjournals.com. June 8, 2006. Retrieved 26 March 2012.
- ↑ "Banker & Tradesman". Archived from the original on 2015-07-23. Retrieved 2015-07-29. Unknown parameter
|url-status=ignored (help) - ↑ "Fenway apartment project underway - Boston Business Journal". Archived from the original on 2014-01-29. Unknown parameter
|url-status=ignored (help) - ↑ "Unit Sales at Brookline's Iconic Longwood Towers Reach New Highs". Boston SF/Bostonsf.com. Feb 22, 2012. Retrieved 26 March 2012.
- ↑ "'Newest Acquisition' Longwood Towers, Brookline, Mass". New England Real Estate Journal/nerej.com. Nov 27, 2009. Retrieved 26 March 2012.
- ↑ "Longwood Towers' Rental Revival". Boston Globe/Boston.com. Aug 10, 2010. Retrieved 26 March 2012.
- ↑ "Chestnut Hill Realty Corp., by Its Affiliate, Alden Tower LLC, Recently Closed $24 Million Construction Loan". Citybizlist Boston, boston.citybizlist.com. Retrieved Nov 11, 2009.[permanent dead link]
- ↑ "Chestnut Hill Realty, Prop. Mgr. for Norwest Woods, Opens 2 New Bldgs". New England Real Estate Journal/nerej.com. Nov 27, 2009. Retrieved 26 March 2012.
- ↑ "Chestnut Hill Realty Completes New Construction at Norwest Woods; Project Represents Nearly 10 Percent of Region's New Apartments". Boston SF, Bostonsf.com. Feb 27, 2012. Retrieved 26 March 2012.
- ↑ "Chestnut Hill Realty Buys Canton Apartment Complex". Boston Business Journal, Bizjournals.com. June 8, 2006. Retrieved 26 March 2012.
- ↑ "Chestnut Hill Realty Affiliate Acquires 12-Building Apartment Community for $41M". New England Real Estate Journal/nerej.com. Nov 27, 2009. Retrieved 26 March 2012.
- ↑ "Chestnut Hill Realty Buys Framingham Apartment Complexes; Promises Renovations". Boston Globe/boston.com. Dec 11, 2012. Retrieved 31 Jan 2013.
Coordinates: 42°17′47.3″N 71°9′27.2″W / 42.296472°N 71.157556°W
External links[edit]
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