Hot Property: The Beck
Construction of a transit-oriented development in Haverhill recently passed a milestone with the commencement of interior fitouts for the 290-unit complex known as The Beck.
Personnel File – No. 358
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Procopio Revives Paragon Park Redevelopment Plan
Plans for a large-scale multifamily development across from Hull’s Nantasket Beach are back on the front burner in a new proposal by The Procopio Cos.
Procopio Begins Haverhill Riverfront Development
With construction financing from Needham Bank, Procopio Cos. has broken ground on redevelopment of a Haverhill property as 290 apartments.
Can Gateway Cities Weather a Downturn?
The adage across all commercial real estate during economic cooldowns is a financial flight to quality – high-end buildings in the urban core. That might not be the case this time around.
Could Boston Turn on Biotech?
Don’t be so happy that Boston’s biotech boom is leading to lots of big-ticket home sales. That same upward pressure on home prices could sour the region on the industry.
Newest Lynn Development Announces Rents, Tours
Downtown Lynn’s newest apartment complex is starting building tours and preleasing ahead of its scheduled completion this summer.
Buyer Sought for Revere Beach Development Site
A development site recently approved for a 59-unit apartment mid-rise overlooking Revere Beach is being offered for sale.
Merrimack River Projects Bank on Haverhill’s Future
In recent years, the city of Haverhill has been steadily rejuvenating its downtown district with mixed-use developments that have added new residences, restaurants and retail shops to the once-gritty riverfront area. And more developments are on the way.
Green Cities Co. Buys Lynn High-Rise for $123M
A luxury high-rise that became a landmark of Gateway City Lynn’s downtown revitalization efforts has been acquired by Portland, Oregon-based Green Cities Co. for $123.5 million.
Procopio Completes Second Phase of Beverly Development
Lynnfield developer Procopio Cos.’ newest multifamily project on the Beverly waterfront is offering up to two months free on some units as it opens its second phase.
Multifamily Migration Route Leads to Lynn
Sprawling waterfront development parcels and a transit-friendly downtown have proven to be powerful lures for projects in Lynn, attracting institutional investors and interest from national developers.
Downtown Lynn Apartment Tower Announces Rents
A Lynnfield developer has begun preleasing and announced rents at a Lynn apartment tower that markets Boston-style amenities at discounts to downtown properties.
Hot Property: Ornsteen Heel Property
The Haverhill city council this month authorized the $1 million sale of a 4.8-acre parcel on the Merrimack River for a transit-oriented development.
290-Unit Housing Complex Eyed for Haverhill Riverfront
An 18-year effort by the city of Haverhill to encourage transit-oriented development near the Bradford station on the MBTA commuter rail is gaining traction with a potential sale to a Lynnfield developer.
Lynn Downtown Project Gets $64M in Financing
A $63.9 million loan from CIT Group Inc. and Square Mile Capital Management is financing development of downtown Lynn’s largest project in decades.
Procopio Cos. Buys Beverly Waterfront TOD Site for $3.5M
A former industrial site near Beverly’s commuter rail station that was once part of the Manhattan Project has been sold for $3.5 million.
Luxury Tower Is Test of Lynn Housing Market
Procopio Cos.’ 10-story, 259-unit market-rate project under construction in downtown Lynn is aimed partly at workers in new developments near Boston’s North Station. The 17-minute train ride to Boston and friendly zoning in downtown Lynn make some bullish on the city’s prospects.
