August 10, 2018, WOBURN, MA – The Dolben Company, Inc. (“Dolben”) is pleased to announce that Quarry Hills Residential Holdings LLC is developing a 269 market-rate apartment community, located on Quarry Hills Drive in Quincy, Massachusetts. The property is being developed in partnership with Bay Colony Properties, and is funded by a construction loan of $58.0M from East Boston Savings Bank, and $24.4M in private equity.
The Quarry Hills site is located directly off Interstate 93 in Quincy, Massachusetts. Designed in two 5 story buildings over underground parking, the community is positioned in a serene wooded setting yet offers panoramic views of the Boston skyline. Upper floor units looking north will have views of Dorchester Bay and the Boston skyline, and all units looking west will have views of the Granite Links golf course, or the treetops of the Milton countryside. The project benefits from immediate access to Boston and Cambridge via Interstate 93 and all of Boston’s inner suburbs via Interstate 95. Quarry Hills also has excellent public transportation via the Quincy Adams Station, which is served by the MBTA Red Line, three commuter rail lines, and over a dozen bus lines. Community amenities will include a resident lounge and clubroom, outdoor landscaped courtyards with water features and seating areas, a fire pit, and an outdoor kitchen, plus a fitness center with a separate specialty-fitness room. The property will have top-of-the-market finishes with nine-foot ceilings, custom cabinets and hard-surface countertops, and stainless-steel appliances with fully upgraded fixtures. The first residential units are expected in late 2019.
Deane H. Dolben, President of The Dolben Company, Inc., noted, “We are thrilled to announce our newest community. Quincy is one of New England’s most dynamic suburban communities and popular multifamily apartment markets, and we look forward to a very successful lease-up.”
About The Dolben Company, Inc.
With offices in Massachusetts and Maryland and more than 17,000 residential units throughout the New England and Mid-Atlantic 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.