For Sale: Marist Retreat Center, Which Could Fetch $5-$8 Million
Wyman Street Advisors has been retained to sell The Marist Retreat Center, two parcels totaling 37.5 acres, off Route 30 in Framingham
Wyman Street Advisors has been retained to sell The Marist Retreat Center, two parcels totaling 37.5 acres, reported CityBiz Real Estate.
The prorperty is expected to sell at $5-$8 million.
There are two structures - Marist House at 45,144 square feet and Bishop's Hall at 4,933 square feet. Both are viewed by Wyman Street as a potential dormitory-style residential properties.
The property was utilized for more than 70 years as a retreat center for the Marist Fathers of Boston. It closed in July 2011. Marist Brothers cited budget issues and close to a 41 million worth of deferred maintenance as reasons.
The Roman Catholic order, also known as The Society of Mary, opened the Marist House as a seminary in 1939.
The land is zoned residential and was assessed at $4.5 million. The property features 30-plus bedrooms, conference rooms, an auditorium, a large kitchen and dining hall, gift shop and of course chapels.
Chip Batchelder and Steve Woodworth of Wyman Street Advisors will conduct the marketing and sale of the property.
Margaret Estes
7:38 am on Thursday, June 7, 2012
Here it is, the perfect opportunity for a developer to build a 55+ complex! Framingham so desperately needs affordable 55+ patio style homes for the people who would like to stay in Framingham but just can not afford the cost of a single family home! What developer will be the first one to grab this parcel?
Andrea Dunne Adrian
10:05 am on Thursday, June 7, 2012
Hmm... that's a good idea, Margaret. But, I was thinking this would be a wonderful campus for a school. Maybe a charter school looking to expand?
Gina Fishman
11:03 am on Thursday, June 7, 2012
I agree with Andrea -- it would be a GREAT place for a Charter school.
Jim Rizoli
12:15 pm on Thursday, June 7, 2012
School? The way Framingam is going it could be the first ALL foreign language school. We already are preparing to teach the teachers with the FSU grant.
Believe me.... it would fill up pretty fast if the word got out.
Jim@ccfiile.com
Andrea Dunne Adrian
1:11 pm on Thursday, June 7, 2012
Yes, a school. I didn't mention anything about foreign language, but many schools do teach foreign language, so perhaps that would be part of the curriculum. FPS doesn't have anything to do with the FSU grant, or the Marist Center. McCauliffe Charter is growing, maybe they would think about looking at Marist? Also, I would be thrilled to see a math and science charter school in Framingham.
Kira Gagarin
11:43 pm on Thursday, June 7, 2012
Good idea, Jim. I'd love to send my kids to a school that teaches primarily in a foreign language.
Carol
2:06 pm on Thursday, June 7, 2012
Did I read that we have many empty units at the Over 55 complex at the corner of Edmunds and Water, or did I dream that? I did not know we needed more over 55 units. Umh.