Construction Begins for The Eastwalk

WinnDevelopment, the development arm of WinnCompanies, and development partner Arch Communities have begun construction on The Eastwalk, a $47 million, 56-unit, transit-oriented, mixed-income apartment community. The Eastwalk will feature a mix of one-, two- and three-bedroom apartments, including 30 units available to households earning up to 60% of Area Median Income (AMI), 16 of which are eligible for low-income project-based assistance; 20 middle income/workforce units for those earning up to 120% of AMI; and six units available for rent at market rates.

“Braintree town officials and planners have been unwavering in their pursuit of a development that would not only provide quality apartment homes for a range of households but also create a community asset for the neighborhood,” said WinnDevelopment executive vice president Adam Stein. “We’re grateful to our joint venture partner, Arch Communities, and the many public and private partners who stood alongside WinnDevelopment over the course of several years to move this project into the construction phase.”

The five-story apartment community will be built on the former longtime location of the Braintree Electric Light Department (BELD) and will create a pedestrian riverwalk along the Monatiquot River, with gathering areas allowing public access and improvements to the existing riverfront seawall.

Read the full article from the New England Real Estate Journal.