QUINCY, MA—In what will be the third recent collaboration between the two firms, Hines and MetLife report they plan to develop a large mixed-use complex here on nearly six acres of waterfront land at Marina Bay.
The project will consist of two, four-story apartment buildings with a total of 352 market-rate units, along with approximately 17,000 square feet of retail space and about 500 parking spaces. The development will include a significant expansion of the boardwalk, as well as retail and dining offerings at Marina Bay. A waterfront pedestrian connection between the boardwalk and Squantum Point Park will also be created. Construction is scheduled to begin in early 2015 and pre-leasing to start in 2016.
MetLife will own a majority equity stake in the project. Hines will develop and co-invest in the venture.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
