Hines, MetLife Dig for Luxury Near Boston

Hines and MetLife have joined hands for a new luxury community near Boston.

Hines and investment partner MetLife Inc. recently celebrated the official groundbreaking of a new multifamily community in Quincy, Mass.

Meriel Marina Bay Groundbreaking Ceremony

Meriel Marina Bay Groundbreaking Ceremony

The duo’s latest project will be a multifamily complex called Meriel Marina Bay. Located on the last undeveloped waterfront tract at Marina Bay, the community will feature 352 market-rate units, 20,000 square feet of retail space, and 500 parking spaces. Hines and MetLife also plan to develop the boardwalk and create a waterfront pedestrian connection between the boardwalk and Squantum Point Park. Shuttle services to the North Quincy MBTA station will also be expanded.

Meriel Marina Bay is Hines’ third and MetLife’s fifth residential project in the Boston area. Together, the two companies have developed more than 2,400 units in the region.

“We are excited about breaking ground on this development, which sits on the last piece of undeveloped waterfront property at Marina Bay. Hines is pleased to be able to respond to the significant demand for new, high-quality luxury housing in the Quincy area, and we are committed to delivering a superior product with Meriel Marina Bay,” David Perry, senior managing director at Hines, said.

The project is expected to be ready for move-ins in the spring of 2017.

 Photo courtesy of Hines