QUINCY, MA—In what will be the third recent collaborationbetween the two firms, Hines andMetLife report they plan to develop a largemixed-use complex here on nearly six acres of waterfront land atMarina Bay.
The project will consist of two, four-story apartment buildingswith a total of 352 market-rate units, along with approximately17,000 square feet of retail space and about 500 parking spaces.The development will include a significant expansion of theboardwalk, as well as retail and dining offerings at Marina Bay. Awaterfront pedestrian connection between the boardwalk and SquantumPoint Park will also be created. Construction is scheduled to beginin early 2015 and pre-leasing to start in 2016.
MetLife will own a majority equity stake in the project. Hineswill develop and co-invest in the venture.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
