Quincy Center Redevelopment Project Gets Shot In The Arm
QUINCY (CBS) - The new Quincy Center development has landed its first $55 million in equity financing as the massive 20-block project starts to take shape.
LaSalle Investment Management will join Street-Works Development and The Beal Companies in the project, which will begin with housing.
WBZ NewsRadio 1030's Anthony Silva reports
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LaSalle Chief Investment Officer Wade Judge tells me he likes what he sees in Quincy, and what Street-Works and Beal also see in Quincy. Judge calls the area an "urban node" that has mass transit, and also has mixed use, and a lot of history.
Judge says most of LaSalle's investments are in those urban nodes that are close to mass transit.
The entire $1.6 billion project will include 1,400 residential units, 5,000 parking spaces, new retail and restaurants, and two new hotels.
