The Federated Companies Purchases Land and Will Begin Construction on Legacy Park Wakefield

The Federated Companies, a leading national real estate investment and development firm, is pleased to announce that it has purchased a 4.17 acre development project,
Legacy Park Wakefield in Wakefield, Massachusetts.  The project is a MGL 40-B mixed-income market rate/affordable rental community which will consist of two, four-story garden buildings and one, three-story townhome building containing 128 total units.  The garden style unit’s floor plans are a mix of one, two, and three bedroom layouts, and the units range in size from 842 to 1,230 square feet.  Additionally, the project will include fourteen townhouse residences located in an adjacent three-story structure.  The townhouses are three bedrooms, 1.5 baths, and 2,250 square feet.  Construction is slated to begin in the next few weeks with completion scheduled for the first quarter of 2012 and pre-leasing at the end of 2011.

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Boston Business Journal – April 28, 2011

CityBiz Real Estate – April 28, 2011

Real Estate Rama – April 28, 2011

Posted on May 4th, 2011 in Property Transactions