
The Procopio Companies Completes 29-Unit Multifamily with Retail in Winthrop
The Procopio Companies, a fourth-generation, full service real estate development and construction management firm, has completed The Somerset, a mixed-use development located at 10 Somerset Avenue in Winthrop, MA.
The development is a 22,000-square-foot, zero lot-line apartment community that brings 29 residential units and 1,119 square feet of ground-level retail space to downtown Winthrop. At completion, the property was already 35% leased.
The Somerset offers studios and one- and two-bedroom units ranging from 500 to 1,300 square feet. Community amenities such as private decks, in-home laundry, quartz countertops, a fitness center, coffee bar, garage parking and bike storage.
The Procopio Companies developed Somerset in concert with Khalsa Design (architect of record), Syndication (equity source), and North Shore Bank (lender). The building is now professionally managed by Charlesgate.
- ◦Development