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Developers Close on Parcel for South Weymouth Naval Air Station Redevelopment
Redevelopment of the long-shuttered former South Weymouth Naval Air Station has taken a major step forward, with Washington Capital Management selling its land at the base to a joint venture of Brookfield Properties and New England Development. The $65-million sale was filed last Wednesday in Norfolk and Plymouth counties.
New England Development and Brookfield Properties are now proposing a mixed-use redevelopment that would include 6,500 housing units, along with about two million square feet of commercial and retail space. The project spans more than 1,400 acres in Weymouth, Rockland and Abington, and is expected to become the largest residential and commercial development project in Massachusetts. Infrastructure work is expected to begin this fall.
“We are excited to be moving forward with the Base—a project that will have significant benefits to the towns of Weymouth, Rockland and Abington, as well as the region, and will create job and housing opportunities so urgently needed in the Commonwealth,” said John Twohig of New England Development. “The Base redevelopment will be the largest residential and commercial project in Massachusetts.”
- ◦Sale/Acquisition
- ◦Development
