March 16, 2022, WOBURN, MA – The Dolben Company, Inc. (“Dolben”) in joint venture with MINCO Development Corporation are pleased to announce the acquisition of Cove164 adjacent to the waterfront in vibrant Lynn, MA. This boutique community is comprised of a four-story newly constructed building consisting of 72 apartment homes over parking.
Conveniently located just off Route 1A, the Lynnway, and within walking distance to the Central Square Lynn MBTA station, residents will benefit from a quick 20+ minute commute into Boston-North Station and an easy 8-mile drive to Logan International Airport. Only minutes from a variety of restaurants and entertainment destinations as well as the new YMCA, Lynn Harborwalk, and Lynn Woods Reservation, where residents can enjoy walking trails, hiking, biking, and horseback riding. Also within walking distance of Cove164 are the Lynn Beach, Lynn Shore and Nahant Beach Reservation.
Cove164 offers a mix of modern brand-new one and two-bedroom apartment homes in an elevator building. Each open-layout floorplan features upscale finishes including Samsung stainless steel appliances, Samsung in-unit washer/dryer, Kemper cabinets, quartz countertops, vinyl plank flooring, kitchen islands, walk-in closets and oversized windows that invite ample natural light. Some floorplans also include dens functioning as ideal work-from-home spaces. Community amenities for this smoke-free, pet-friendly property include an outdoor courtyard with grilling area, outdoor pet area, resident storage, bike storage, and electric car charging ports.
Cove164 is now leasing and will open its doors immediately for first occupancy with starting monthly rents of $1,995 for one-bedrooms and $2,295 for two-bedrooms. For more information, interested parties can visit www.cove164.com to learn more.
Deane H. Dolben, President of the Dolben Company, Inc., noted, “We are delighted to add Cove164 to our portfolio as we continue to invest and grow in the Lynn market where we know demand to be very strong. We look forward to a fast-paced and successful lease-up of this beautiful community.”
With offices in Massachusetts and Maryland and more than 17,000 residential units throughout the New England, Mid-Atlantic, and Southeast regions, The Dolben Company, Inc. is built on a deep heritage of performance and stewardship. Since 1929, four generations of the Dolben family have upheld a proud tradition of unparalleled success and profitability, fulfilling the property and investment needs for a wide array of businesses, financial institutions, organizations and private investors. For more information on The Dolben Company, visit www.dolben.com.
About MINCO Development Corporation Incorporated in 1982 by Louis P. Minicucci, Jr., its President, and with offices in North Andover and Newburyport, MINCO Development Corporation is a privately held second-generation family business specializing in commercial real estate development such as Stop & Shop and CVS retail plazas and the development of over 3,000 multi- family units throughout the Merrimack Valley and North Shore. For more information on MINCO Development Corporation, visit www.mincocorp.com.