.png)
News:
Construction Design & Engineering
Posted: January 20, 2023
The Procopio Companies celebrates grand opening of Lume - a three-story, podium-style apartment building
Wilmington, MA The Procopio Companies (Procopio) celebrated the grand opening of Lume, the firm’s newest addition to its multifamily portfolio. Lume is a three-story, podium-style apartment building with 39 garden-style units and 10 additional townhomes. The development includes community amenities such as a fitness center with a dedicated yoga room, a club room, pet spa, outdoor patio area, a secure parking garage, and private Zoom rooms, specifically designed for virtual meetings with specialty acoustic treatments.
The 74,000 s/f development is located less than a mile from the Wilmington MBTA stop, with access to I-93, I-95, I-90, Rte. 38, and I-495, positioning Lume to take full advantage of Boston’s expanding life science cluster in Boston’s MetroWest. The town has also become one of the few life science clusters that has sprung up outside of Cambridge and Boston, due to the lack of vacancy and rising rental rates. The property is also close to numerous local restaurants, parks, and schools.
“Lume brings much needed multifamily housing to Wilmington, a transit-oriented community, conveniently located near Boston’s life sciences industry,” said Angelo Antidormi, director of acquisitions at Procopio. “This luxury development ushers in a new era for Wilmington and Procopio is excited to welcome residents into their new home.”
Project partners for the $20 million development include DMS Design as architect of record for the exterior design and Conant Design Group for interior design. Equity for Lume was syndicated, and SalemFive served as the lender, while Charlesgate is handling property management and leasing.
After $236 million in 2021 construction starts, Procopio’s current development pipeline through 2023 includes more than 1,480 for-sale and rental housing units throughout New England with projects in Lynn, MA, Haverhill, MA and Portland, ME.
MORE FROM Construction Design & Engineering
Project of the Month: Colantonio Inc. and Wilson Butler Architects complete historic Zeiterion Theatre renovation
New Bedford, MA Colantonio Inc. completed the historic renovation and restoration of the Zeiterion Performing Arts Center in downtown. Working alongside The Zeiterion Theatre, Inc., Wilson Butler Architects, and P3 Project Planning Professionals, Colantonio renovated 33,500 s/f of the historic facility
Quick Hits
Columns and Thought Leadership
ABC-Mass. chairman’s message: Rent control isn’t the answer to our housing crisis - by Luiza Mills
As you may know, Massachusetts voters will be weighing in on a number of ballot initiatives in November. Among them is a proposal to impose the nation’s strictest statewide rent control policy. I’d like to tell you why the ABC MA Board
Navigating tariffs and material uncertainty in today’s construction market - by Karl Ginand and Tiffany Gallo
As headlines around tariffs seem to dominate the news daily, many considering construction projects have anticipated major cost escalations and widespread supply issues. While tariffs haven’t driven pricing spikes to the extent once feared, the lasting impact has been a new layer of uncertainty, affecting more than just budgets.
It’s time to lead: Confronting mental health in construction - by David Watts
As we close Mental Health Awareness Month, we must be clear: May isn’t just about ribbons, hashtags, or lunchtime mindfulness apps. It’s about responsibility to confront hard truths that linger in silence, and to challenge ourselves, as leaders in our industry, to do more.
Greenwood Credit Union City Hall Plaza nears completion - by Frank Picozzi
After several years of planning, construction, and anticipation, the community is eagerly awaiting the opening of the Greenwood Credit Union City Hall Plaza and outdoor skating rink later this month.
