L&G, Taurus Break Ground on Concord Multifamily
L&G’s Asset Management business in the U.S. and Taurus Investment Holdings, LLC broke ground on a new two-building, 201-unit multifamily community at 292–294 Baker Ave. in Concord, MA. Thursday’s groundbreaking ceremony brought together local officials, community representatives and project partners to celebrate the start of site work.
The investment and property development is being made on behalf of L&G’s Institutional Retirement business. The project represents the first funding of a new development in the U.S. for L&G’s Institutional Retirement business and builds on its recent multifamily investments, including The Alder in the Denver metro area and Arkadia West Loop in downtown Chicago.
Located in a structurally undersupplied Greater Boston submarket, the community will include 25% affordable housing under Massachusetts Chapter 40B guidelines.
Construction is expected to begin THIS YEAR, with the first building targeted for completion by the end of 2028 and the second expected to follow in 2029.
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Verve Buys 263-Unit Ottawa Seniors Campus, Plans $20M Upgrade
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LA City Council Approves Largest-Ever Funding Pool for Affordable Housing
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Brokers
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Remax Professionals
Re/Max Real Estate Professionals | New York
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout