News: Construction Design & Engineering

National Development files plans for Lexington sr. housing community

Bridges at Lexington - Lexington, MA

 

Waterstone at Lexington - Lexington, MA

 

Lexington, MA National Development has filed plans with the town for a new senior housing community on land to be purchased from Belmont Country Club. The company introduced the development to a joint meeting of the board of selectmen and planning board last summer, and has been actively meeting with key constituents through a series of open community meetings.  

The development will include two buildings on opposite sides of Watertown St. adjacent to Rte. 2. Bridges at Lexington is planned to be a 48-unit assisted living building on the east side of Watertown St., and Waterstone at Lexington is a 156-unit independent and assisted living building on the west side.

The project design team includes Elkus Manfredi Architects, designers of Waterstone at Lexington and CBT Architects, designers of Bridges at Lexington. Landscape, site design, and transportation consulting is by Stantec’s Boston studio.

National Development and its operating partner, Epoch Senior Living, have developed over 40 senior living communities, primarily in Massachusetts.  

“Waterstone and Bridges at Lexington will provide a wonderful new living opportunity for local seniors and the aging parents of local residents who want to live in the community,” said National Development managing partner Ted Tye. “We have worked with our design team to create two attractive buildings that will fit well into the wooded environment, address comments from the community and minimize impact on neighbors.”

While contributing to the local tax base, the age-restricted senior housing development will have no impacts on local schools and minimal impacts on other Town services. Given that many future residents are not expected to own cars and transportation services will be made available, projected vehicle trips will have no discernable impact on local roads.

National Development has been reaching out to town officials and neighbors through meetings, mailings, and via an online forum courb.co/lexsenior. The site houses project-related materials and allows the pubic to participate in an active online discussion to ask questions and respond to comments. 

In preparation for a fall 2018 town meeting vote, additional public meetings regarding the planned development will be held with town boards, including the planning board and board of selectmen, in the coming months. In addition to public meeting notices, all public meetings and events concerning Waterstone/Bridges at Lexington will be posted at courb.co/lexsenior.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary