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Port One, Tiderock Will Co-Develop $190M Senior Living Project in Holbrook
Tiderock Companies and locally based Port One Companies have signed a letter of intent to co-develop a proposed 410 residential unit senior living facility located on a 48-acre parcel in Holbrook, MA, approximately 15 miles south of Boston. The project’s estimated cost is $190 million.
As co-developer, Tiderock Companies will provide operational support and oversight including but not limited to project management, marketing, budgeting, product mix, review of and negotiations for limited partner equity and debt. The developer has entered into contract to purchase the 48-acre parcel for $19.065 million.
Tiderock CEO Thomas Fore said, “We are excited about this opportunity to provide support to the developer in connection with this project and look forward to building long-term working relationship with them.”
- ◦Development