The Procopio Firms Proclaims Stabilization Success of The Somerset

WINTHROP, MA– The Procopio Firms, a fourth-generation, fullservice actual property growth and building administration agency introduced that The Somerset, a mixed-use growth in Winthrop, MA, is now stabilized and 100% leased.

The boutique multifamily growth, positioned at 10 Somerset Avenue, is a 22,000SF, zero lot-line, mixed-use property that brings 29 residentials models and 1,119SF of ground-level retail area to downtown Winthrop. It presents studios and one- and two-bedroom models starting from 500-1300 sq. ft.

“The Somerset’s success and speedy lease-up is a testomony to the state of the suburban market,” stated Bryan Vitale, SVP of Technique & Investments at Procopio. “Somerset has achieved main success, demonstrating the continued demand for multifamily housing in Boston’s quick suburbs, and the emphasis residents proceed to put on comfort and life-style, electing for city places with easy accessibility to buying, eating, outside recreation, and public transit.”

Procopio developed The Somerset in live performance with Khalsa Design (architect of report), North Shore Financial institution (lender), and a syndication (fairness supply). The constructing is now professionally managed by Charlesgate.

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