LNR Announces New Residential Development

by WOHe








LNR 
announced the latest in a string of residential development deals at
SouthField, New England’s newest community and a national
model of smartgrowth and transit-oriented development.

Quincy’s William B. Rice Eventide Home will expand to a new
facility at SouthField which will include 192 units of senior
independent living and a 46-bed skilled nursing facility on 9.4 acres
in SouthField Highlands, the community’s first residential
neighborhood, only a short walk to the South Weymouth commuter rail
station.

The project will produce between 300 and 500 construction jobs. And as
with previous deals, the Eventide closing will generate more than $1
million in new host community payments from the developer LNR to
Weymouth and Abington under the host community agreements signed
recently by the two communities. LNR previously announced that two of
the South Shore’s most popular custom homebuilders, Whitman
Homes and Interactive Building Group, will construct dozens of new
homes in SouthField Highlands.

“SouthField provides us with a unique opportunity to create a
wonderful new campus that offers our residents the vibrant surrounding
community they seek with easy access to public transit and the
amenities of Boston and the entire South Shore,” said Joyce
Haglund, administrator of Rice Eventide.

At SouthField, Rice Eventide, whose Quincy facility was named one of
U.S. News & World Report’s 2010
“America’s Best Nursing Homes,” will
expand into independent senior living and provide a broad spectrum of
services across a continuum of care. The spacious new senior community
is being developed by Rogerson Communities, a leading provider of
senior housing and services in Greater Boston, designed by Sheskey
Architects in Quincy, Mass., and projected to begin construction in
2012. The total development value is estimated between $45 and $50
million.

 “The residents of Rice Eventide will contribute a
vital element to the SouthField community,” said Kevin Chase,
regional vice president of LNR. “This project will create
hundreds of jobs on the South Shore and send more than a million
dollars to local communities as SouthField continues to be an economic
growth engine on the South Shore.”  

The closing of the Eventide land sale will trigger a $829,676.30
payment from LNR to Weymouth and a $137,007.58 payment to Abington.
Rockland has yet to sign a new host community agreement.

Over the course of the development of SouthField, the neighboring
communities of Weymouth, Abington and Rockland have received more than
$5.8 million in host community payments from LNR, including
$3,567,318.89 to Weymouth, $1,727,400.42 to Rockland and $506,526.32 to
Abington.

Formerly the South Weymouth Naval Air Station, SouthField will feature
2,850 units of housing and 2 million square feet of commercial and
retail space, including Massachusetts’ first full scale movie
studio, SouthField Studios. The plan also includes more than 1,000
acres of neighborhood parks and dedicated open space, a one of a kind
links style golf course, and a $30 million indoor/outdoor sports and
recreation complex to be developed by Red Sox general manager Dan
Duquette and soccer star Kristine Lilly.


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