X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SCITUATE, MA-Merchants along the south shore of Boston looking to bring business and development back to their downtown areas are eagerly anticipating completion of a revitalization project currently under way in the Scituate Harbor business district.

Welch Co., a locally based developer, is starting construction on three new buildings totaling approximately 75,000 sf of residential, retail and office space at an estimated cost of between $15 and $20 million.

After completing demolition of five buildings it currently owns along the Harbor, Welch project manager Stephen Warner tells Globest.com that construction will be done in two phases. Phase I will comprise 24 one-, two- and three-bedroom condominium units that will be built over retail space as well as a two-screen movie theater to be leased by Cinegraph Inc. The two buildings constructed in phase I will total 60,000 sf of space.

Warner says that he hopes to have Phase I completed by Christmas of 2002. Phase II construction is expected to wrap up in September 2003 and will include the third building, a 12,000 to 15,000-sf mixed-use office and retail space. Warner tells Globest.com that until all current tenants have been moved the company will not actively market any new space.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.