Buying a Development Opportunity in Harvard Square

When we think about buying a development opportunity in Harvard Square, you have to understand that VERY few options come up. Much of this area is owned by Harvard University and there are just very slim pickings. There are opportunities off-market, which we never see on MLS (I know because I have helped clients sell and buy some of these over the years), but there are not a ton each year.

On MLS, only one development opportunity was sold in 2025 close to Harvard Square. That was 28 Putnam Ave that likely is a straightforward condo conversion. It sold for $3.02M and my best guess is the developer who purchased the property will convert each unit into 3 bed 2 bath condos if possible and sell each of them for ~$1.8M each. 

If you are looking for development opportunities close to Harvard Square, whether on or off-market, give me a call to discuss at 617-833-7457!