Rendering of SouthField HighlandsA 226-unit apartment complex with 8,700 square feet of first-floor retail space is coming to SouthField, which is located on the formerly site of the South Weymouth Naval Air Station.

The $44.6 million SouthField Highlands project will feature 226 studio, one, two and three-bedroom apartment homes, according to a statement. On-site amenities will include a fitness facility, swimming pool, community room and indoor parking.

The project will be developed by John M. Corcoran & Co. and LNR Property Corp. Construction is expected to be complete in spring 2012.

"Corcoran understands New England and will bring that unique style and high-quality craftsmanship to SouthField," said Kevin Chase, regional vice president of LNR Property Corp. "This is another great milestone not just for LNR but for the surrounding communities who share in the revenues and new jobs created by development at SouthField."

The project will create 200 jobs and result in $1.39 million in payments to local communities, according to a statement.

"We chose SouthField because the combination of transit-oriented development and the excitement surrounding this new and vibrant community is unmatched anywhere in New England," said Rick High, president of John M. Corcoran & Co. "Our construction and permanent lender, UBS, one of the country’s largest and most successful investment institutions, agreed with us that SouthField presents a terrific opportunity to create the newest rental apartment community in the area."

The apartments will be certified with the U.S. Green Building Council under its Leadership in Energy Efficient Design requirements, according to a statement.

 

Weymouth’s SouthField To Get $44.6M Apartment Complex

by Banker & Tradesman time to read: 1 min
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