Boston Real Estate Times | June 5th, 2023
BEVERLY, MA– The Procopio Companies, a fourth-generation, full-service real estate development and construction management firm, announced that Amara, the firm’s mixed-use development planned for 26, 28, 28R Cabot St and 4-6, 8 Rantoul Street in Beverly, MA, is now underway, after receiving approval from the Beverly Planning Board in December of 2022.
Amara is a joint-venture partnership between Beverly Crossing and The Procopio Companies. Procopio will lead all aspects of the development moving forward, while also serving as the Construction Manager. The Architect on the project is SV Design.
The five-story multifamily building will feature a mix of 60 studio, one- and two-bedroom units, as well as a garage and adjacent surface parking and views of Beverly Harbor. Amara will have easy access to waterfront paths, local beaches, downtown Beverly, and the city’s MBTA commuter rail train station at Beverly Depot. 5 units will be designated as affordable.
“We are very excited for this project to get underway. Over the next few weeks, we will be preparing the site for the start of construction,” says Tyler Palermo, Development Project Manager at Procopio overseeing the project. “We are extremely grateful to have been part of the revitalization of Beverly’s Waterfront with the completion of our Sedna project on Congress Street. Amara will join Sedna as one of the best multifamily communities on the North Shore.”[Source Article]