Today, Feb 1, 2023, a real estate transaction closed covering 3 parcels and for over $13-million bucks. The buyer was AUFRAM LLC, is a LLC out of an office building in the swanky Back Bay neighborhood of Boston.
AUFRAM LLC was formed on 1/17/2023 and has a LLC managing it as AUDOT LLC, as well as business contacts Benjamin and Daniel Moll. AUFRAM LLC’s purpose is to develop properties, leasing them, and potentially reselling them.
AUFRAM LLC, links to being owned by AUDOT LLC, which has been managed by Benjamin Moll since 2015. AUDOT LLC additionally links to being owned by ARX URBAN CAPITAL LLC, formed in 2014 by Benjamin & Daniel Moll. ARX URBAN CAPITAL LLC states its primary business is to develop properties in the state and beyond.
The purchased properties are 77-79 and 93 Arlington Street. The white house is 93, and the Arlington Commons complex is 77-79.
The site contains a total of 1.32 acres of land and is zoned G, for general residence, however is on the absolute line of the CB or Central Business Zone, which allows massive mega apartment buildings to be built, up to 6 stories tall. We would assume that the buyer has already talked to the city to rezone this lot to allow maximum development. Similar sized lots have been developed or are in the proposal stage, with 300-400 apartments in them.
ARX URBAN CAPITAL LLC typically does not invest in run down properties and its portfolio generally shows newer buildings, of the style we have been seeing springing up all over Framingham.
We will have to watch what happens with this.
