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Brokerage
Posted: June 23, 2017
NEI begins construction on 6-story mixed-use development
Beverly, MA NEI has begun construction on 112 Rantoul St., a transit-oriented, mixed-use development project located adjacent to the Beverly Depot commuter rail station in the heart of downtown.
The project is a six-story, 66,000 s/f podium construction building which will be comprised of 67 market rate residential rental units with a wood structure constructed over a steel structure, housing retail and business spaces.
The apartments will range from studios to two-bedrooms and resident amenities will include a roof deck with a view of Beverly Harbor. Up to 70 parking spaces will be reserved in the adjacent commuter rail parking garage. The ground floor retail space will help to revitalize Rantoul St. with a café or gourmet food store serving the needs of neighbors and commuters that utilize the Beverly Depot.
The 112 Rantoul St. team includes women-owned businesses Barnat Development, ICON architecture, and McDermott Ventures. Also on the team are McPhail Engineering, Meridian Associates, and Terrence McDermott, Esq.
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