The Procopio Companies said Amara, its newest mixed-use community in downtown Beverly, MA, has received its Certificate of Occupancy. Residents have officially begun moving in, and leasing is now underway.
Located at the convergence of Cabot and Rantoul Streets, two of the North Shore’s most prominent main streets, Amara brings 60 market-rate, Class A studio, one-, and two-bedroom residences to Beverly’s downtown corridor.
“After the success of our Sedna development along the Beverly waterfront, we are proud to once again partner with the City of Beverly to bring thoughtfully designed housing options to the community,” said Bryan Vitale, SVP of Investments at Procopio. “The early resident interest and move-ins at Amara reflect the growing demand for high-quality, well-located living on the North Shore.”
Procopio partnered with Beverly Crossing to co-develop Amara, serving as both lead developer and construction manager. SV Design is the architect and interior designer for the project.
Lincoln Property Company and McCourt Partners have broken ground for ElevenOneEleven, a new mixed-use development in Culver City. The groundbreaking occurred three weeks after Lincoln and McCourt announced $133 million in construction financing from Bank OZK. Set to rise on a vacant parcel, ElevenOneEleven will deliver 344 rental apartments, including 52 affordable units, along with 2,000 square...
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Logisco is stripping back the amenity race with a $60M Quebec City apartment development aimed at renters who would rather pay less each month than fund pools, gyms and other extras. The developer has started construction on 193 apartments at 7075 Wilfrid-Hamel Blvd., the first project under its new Elie rental brand. The 10-storey building...
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Virtus Diversified REIT has purchased a 91-suite retirement residence in Hamilton for $26M, expanding its seniors housing portfolio. The acquisition of Abington Court Retirement Residence at 1500 Main St. E. closed Nov. 3. The independent living property opened in 2005 and added 20 suites in a 2018 expansion. Located west of the Red Hill Valley...
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