200 Quannapowitt

Joint venture acquisition and redevelopment of a 24-acre lakefront property in Wakefield, MA.

We successfully underwent a full entitlement and planning process working with the local community and the Town of Wakefield to design a 440-unit, multi-family community including ground floor retail and community space.

The property sits at the northern end of Lake Quannapowitt, a regional outdoor destination known for its natural beauty, walking paths, and recreational uses. Located in Wakefield, a premier bedroom community within the thriving 128 North corridor, the site offers accessibility to Boston and the surrounding areas with convenient access by both car and the MBTA Commuter line.

In September 2022, we recapitalized the deal and opportunistically divested our interest in the property to a publicly traded multifamily REIT, crystallizing our profit in the face of macroeconomic headwinds.