Silverstone Property Group ... is pleased to announce the acquisition of 157 Suffolk Street ... The 6 story, 22,398 square foot residential apartment building consists of 33 apartments and 2 retail stores. Silverstone purchased the building for $8.8M, or approximately $392 per square foot, in an all-cash, off-market transaction with the private seller. Silverstone will be renovating the building to create a high-end boutique residential rental property, as well as leasing the retail space which has been vacant for many years.
Per a commenter:
"There are 7 apartments left here as of April 2011 and we are suffering through months of demolition and construction."
One of those remaining residents (we think!) sent along a video of what life is like here in the building during the months of construction...