APRIL 4, 2022, WOBURN, MA – The Dolben Company, Inc. (“Dolben”), in their second joint venture with Wakefield Investments, Inc., is pleased to announce that construction is underway on Caro; a five-story residential building that will deliver 260 apartment homes early 2023 in Salem, NH. This community will be adjacent to Corsa, Dolben’s first property within the mixed-use Tuscan Village lifestyle center. The development is being funded by a construction loan from Berkshire Bank and private equity.
Tuscan Village, formerly home of the Rockingham Park horse track, will offer the future residents of Caro 170-acres of carefully curated restaurants, cafes, retailers, shops and recreational destinations all within walking distance. The master development will also feature 1.3M square feet of Class A office space, Mass General’s world class medical campus, and a Marriott Autograph Collection hotel. Conveniently located just west of Route 28, Caro will be within a half-mile of New Hampshire’s largest shopping destination, the Mall at Rockingham Park.
Caro will offer a mix of modern brand-new studio, one, two and three-bedroom apartment homes in an elevator building. Each open-layout floorplan will feature upscale finishes including stainless steel appliances, in-unit washer/dryer, smart thermostats, quartz countertops, vinyl plank flooring, kitchen islands, patios and balconies. Community amenities for this smoke-free, pet-friendly property will include a club room with kitchen and work-from-home spaces, conference area, and fitness center. Along with an outdoor courtyard with grilling area and fire pit, swimming pool with water feature, synthetic turf play area, roof deck, outdoor pet area, and bike storage.
Deane H. Dolben, President of the Dolben Company, Inc., noted, “We are thrilled to be developing additional housing at this premiere location that offers residents the utmost walkable convenience to live, work, and play.”
With offices in Massachusetts and Maryland and more than 15,000 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.