New Developer acquires former McGee Farm

Category
Press Releases
Date
June 26, 2024
Author
Maureen Sullivan
Source
Community Advocate
Source Article

MARLBOROUGH – There’s a new owner, and new plans, for the former McGee Farm on Boston Post Road East.

The Procopio Companies, in partnership with Ridge Real Estate Partners, has announced the closing of a new 162,920-square-foot multifamily housing development at 339 Boston Post Road East. Procopio purchased the site from Heritage Farm LLC in May.

According to a press release from Procopio, “This strategic acquisition of 27.3 acres marks a significant milestone in Procopio’s expansion, with a continued focus on community benefits and extraordinary living spaces for residents.”

Plans call for 140 upscale apartments; an expansive lobby and resident lounge; a fitness center; an outdoor pool deck; a dog park; and other resident amenities.

The property would comprise 60 one-bedroom, 62 two-bedroom and 18 three-bedroom apartments. The plans have already been approved by the city, according to a spokesperson from Procopio. Several building permits have been pulled over the past few weeks.

“We set out with a plan for this project to provide high-quality housing options, and contribute to the overall growth and prosperity of the city,” said Bryan Vitale, vice president of strategy at the Procopio Companies.

Procopio also plans to redevelop 57 Main St., the former Rowe Funeral Home, into a mixed-use residential building with underground parking.

In September 2022, the City Council approved a special permit for Waypoint to develop Walcott Heritage Farms – 140 units (96 one bedroom, 44 two bedroom) and 280 parking spaces.