High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Boston & New England CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Boston & New England  + Metro Boston  + Apartments  | 

Mixed-Income Residential Breaks Ground Adjacent to Westwood MBTA Station

Petruzziello Properties, a subsidiary of Supreme Development, broke ground on The Block at 22 Everett Street in Westwood, MA. The mixed-income development on a former industrial site is adjacent to an MBTA commuter rail station and Supreme Development’s most recently completed Islington Center redevelopment project.

The project is financed through a loan from Dedham Savings and South Shore Bank, reportedly for $30.2 million. It will include 160 residential units, of which 24 will be affordable housing and 12,000 square feet of commercial/retail space. The Westwood Select Board approved the town’s first project to be submitted to the state for certification under a housing production plan designed to comply with the MBTA Communities Act.

“We’re excited that Dedham Savings and South Shore Bank both recognize the value of this project and its positive impact on the community,” said Giorgio Petruzziello, Supreme Development president and CEO. “We have mutual values and are committed to fostering community growth and vitality.”

Connect

Inside The Story

Petruzziello Properties

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
New call-to-action
New call-to-action