A nine-acre multifamily development site located at 412 Summer St. in Abington, MA and fully permitted for 198 units sold to Wood Partners for $4,653,000. Caroline Ligotti, Linda Redeker and Emily McGranaghan of Boston City Group, Inc. at Coldwell Banker Commercial worked with the seller and procured the buyer.
Wood Partners, a national multifamily developer based in Atlanta, has established a strong presence in the Greater Boston market over the past 10 years. The firm received final approvals from Abington ZBA and Conservation Commission earlier this year to construct a single five-story building to be named Alta Abington Station.
A transit-oriented development located adjacent to an MBTA commuter rail station, the project is being built under Chapter 40B, with 25% of the units designated as affordable. It’s among the largest multifamily developments approved in Boston’s South Shore Route 3 Corridor in recent years.
