Natick developer pays $2.7M for new headquarters
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235 W. Central St. in Natick
Stonegate Group, a Natick developer, will move later this month into a new headquarters office in town it bought for nearly $2.7 million.
The firm will move to 235 W. Central St. from 83 Speen St. just under a mile away.
Stonegate has been working to turn the former St. Patrick's School at 45 E. Central St. in Natick into 45 residential units and other space. Stonegate bought the former school in 2015 for $3.4 million, and has reached a development agreement with the town and received zoning changes necessary for ground-level retail use. It also turned a former American Legion building at 13 W. Central St. into a mixed-use development, opened in 2017.
The company has also done commercial and residential redevelopment work in Boston's Back Bay and South End neighborhoods.
Stonegate bought its new office site from Crosspoint Associates, a Waltham real estate management firm. The deal closed in December, and Stonegate has been spending much of the time since then renovating the building, President Dean Calivas said. The site, at nearly an acre, was last assessed by the Town of Natick at nearly $3.3 million.
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