MPV Properties predecessor, Merrifield Partners, recognized SouthEnd as an emerging area of town which was transitioning from its historic industrial role. An underutilized industrial facility on the fringe of the neighborhood was identified as suitable for redevelopment. The 2500 Distribution Street project successfully:
- Redesigned the exterior façade to give it an updated “SouthEnd” aesthetic feel
- Renovated the interior of the building
- Subdivided the interior to accommodate its new function as a multi-tenant building
- Marketed the project
Result: After renovation and lease-up, 2500 Distribution Street was sold to an investor. The project exceeded the anticipated return on investment and pioneered the redevelopment of the Remount Road area in the SouthEnd district.