Pennrose Cuts Ribbon on Mixed-Income Housing in Wareham

Pennrose Cuts Ribbon on Mixed-Income Housing in Wareham
News| July 29, 2025| Paul Bubny
Boston & New England + Apartment Buildings

Pennrose, the Wareham Redevelopment Authority (WRA), and project partners held the grand opening of Swifts Landing, a new affordable and workforce housing community located at 23 Littleton Cir. in Wareham, MA. The development transforms a vacant 16-acre site into a 93-unit, mixed-income community. 

“By transforming a once-vacant parcel into a vibrant, welcoming community for families and seniors, Swifts Landing represents the power of partnership and what can be achieved with a thoughtful shared vision,” said Karmen Cheung, regional VP at Pennrose. “We are proud to work alongside the local stakeholders and the Wareham Redevelopment Authority to deliver a community asset that will benefit residents, the workforce and the broader neighborhood.” 

Financing was provided by MassHousing, Eastern Bank, Hudson Housing Capital, Massachusetts Housing Investment Corporation, Massachusetts Executive Office of Housing and Livable Communities, Community Economic Development Assistance Corporation, Federal Home Loan Bank of Boston and the Town of Wareham Community Preservation Committee. 

Other News

One Beverly Hills Reaches Milestones Ahead of Schedule

California & West + Apartment Buildings

The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...

Learn more

Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion

New York & Tri-State + Apartment Buildings

Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...

Learn more

Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor

Apartment Buildings

Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up