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| Construction begins on Meriel Marina Bay in Quincy, MA Hines, the international real estate firm, and investment partner MetLife, held a groundbreaking ceremony celebrating the start of construction on Meriel Marina Bay, a new multifamily complex in Quincy, MA. Meriel Marina Bay will be situated on 5.83 acres of waterfront and will consist of two four-story apartment buildings with a total of 352 market-rate units, approximately 20,000 square feet of retail space and 500 parking spaces. The development represents Hines' third for-rent residential project in the Boston area. Hines also has developed Currents on the Charles, a four-story multifamily development containing 200 units in Waltham, MA; and Fuse a six-story multifamily development containing 244 units in Cambridge, MA. This brings the firm's multifamily portfolio in Boston to over 795 units. For MetLife, the development represents the company's fifth for-rent residential project in the Boston area that includes Lenox Farms in Braintree, Charles River Landing in Needham, Lodge at Foxborough in Foxborough and Lodge at Ames Pond in Tewkesbury. Meriel Marina Bay brings MetLife's multifamily portfolio in Boston to more than 1, 650 units. The project will include a significant expansion of the boardwalk, as well as retail and dining offerings at Marina Bay. A waterfront pedestrian connection between the boardwalk and Squantum Point Park will also be created. The project will expand the shuttle service to the nearby North Quincy MBTA station and will have views across Dorchester Bay to downtown Boston, the Back Bay and the Seaport District. Hines expects occupancy of the first units in spring of 2017. write your comments about the article :: © 2015 Construction News :: home page |