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The Pioneer apartment community on the Parkway – one of the first such new residences to open in the formerly industrial Commercial Triangle – has sold to Northwestern Mutual Life of Milwaukee for $132 million in a recent trade.
The Pioneer features 286 units of apartment housing with 50 different layouts and it opened to tenants in early 2019 – boasting some of the most modern amenities like fitness centers and community rooms and outdoor courtyards that Everett had yet to see. It was also literally the pioneer housing program in the Commercial Triangle, which now has thousands of units under construction or in the queue.
The Pioneer was the second such development for Andy Montelli of Post Road Development, as he had previously developed and then sold The Batch Yard on Lower Broadway long before Encore Boston Harbor located there. The Pioneer has now been equally successful in selling for a record price in the district, and transferring to a notable company like Northwester
Carlo-demariaAndy-montelli-developmentGreystar-developmentHarley-davidsonBlock-propertiesNorthwestern-mutualStop-shopCommercial-triangleNorthwestern-mutual-lifeAndy-montelliPost-road-developmentBatch-yardMay 4, 2021
Richard (Dick) Neil Broer was born on April 8, 1937, in Eldora, Iowa, to Jesse and Helen Broer. He was raised on his family farm and attended school in New Providence, a small rural town. He attended University of Iowa, being part of Acacia Fraternity and active on campus, earning a Bachelor of Science degree. He went on to get his Master’s degree for Mortuary Science in St. Paul, Minnesota. He met his soon bride to be, Margaret Mundt, in a marriage and family class at University of Iowa. It was love at first sight. Dick and Marg were married August 14th, 1960 in Ida Grove, Iowa (Marg’s hometown).
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