""There's more demand than supply, especially at least in the active adult category," said Dennis Clarke, Chairman and CEO of Cummings Properties, the developer behind the project."
""It was a derelict, 100-year-old heavy industrial site," Clarke said. "And the only thoughts we had in those early days were modernizing the commercial buildings.""
""It was a huge undertaking," Clarke continued. "It's been very successful.""
A new 60-unit condominium building at the Cumming Center in Beverly will cater to the 55-plus demographic, with 80% of homes reserved for this age group. The project has seen nearly half of its units claimed before completion, reflecting high demand in the active-adult housing market. The building will feature mostly two-bedroom units, ranging from 700 to 2,600 square feet, with prices between $500,000 and $1.5 million. The site, previously a derelict industrial area, has undergone significant transformation over the years.
Read at Boston.com
Unable to calculate read time
Collection
[
|
...
]