News: Owners Developers & Managers

Seascape at Weymouth receives final approval from zoning board - developers are David and Joseph Iantosca of DAI Property Management

Weymouth, MA Seascape at Weymouth, a $20 million project consisting of a six-story waterfront condominium property, received unanimous approval for a special permit from the Weymouth Zoning Board of Appeals to build 50 residences on Weymouth Neck. The vote culminates more than a year of meetings with town officials, condominium associations and residents by developers David and Joseph Iantosca of DAI Property Management. 

“We’re pleased and excited to be moving forward on developing Seascape,” said DAI president Joseph Iantosca. “Mayor Hedlund, town officials and the various committees and boards we’ve met with have asked excellent questions regarding everything from traffic to conservation and our team of experts has worked diligently to answer those questions and assure them that the open communication we have established during the approval process will continue as we develop the property and build Seascape.”

Designed by Shesky Architects, the 50 residences will feature one and two-bedroom designs with recessed balconies and parking for 109 vehicles including 22 parking spaces in the building and 28 parking spaces in garages, and 59 surface spaces. Further attention was devoted to the building exterior with traditional masonry elements rising up from the base to the center of the main façade’s fourth floor, then transitioning to lighter materials and colors as the building reaches the upper floors including sloped roof elements.

“Our development team has focused on minimizing Seascape’s impact on the over 15-acre site and surrounding neighbors,” said director David Iantosca. “The majority of this waterfront area will remain undeveloped and with a covenant to ensure no further residential, commercial or industrial development after Seascape is completed. We believe this final residential building will give prospective buyers the opportunity to live in an attractive building with a unique setting.” 

Seascape will also provide a financial boost for the town. Building permit fees are expected to be $125,000 and at full assessment, Seascape is expected to produce positive net real estate tax revenue to the town each year. 

The developers of Seascape also addressed community support items in North Weymouth including extending the northerly Broad Reach sidewalk to the area of a bus stop, financial contributions to the Town for use in a boardwalk connector project between Wessagusset and Lane Beaches. Additional contributions will be allocated to the Back River trails program and a tot play area.

The developer will have the option to build amenities on site such as a pool or cabana or tennis court for the exclusive use of residents and their guests.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
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