Waverly Development has broken ground on a transit-oriented apartment community at 358 Waverly St. in downtown Framingham, MA, approximately 500 feet from the Framingham Commuter Rail station. The 181-unit urban infill project will rise on a long-underutilized site and will feature nearly 3,000 square feet of retail, 21 affordable apartments, and 230 garage parking spaces.

“From day one, we’ve partnered closely with the City of Framingham, our neighbors, and our design and construction teams to deliver a thoughtful, responsive project that creates value for all stakeholders,” said Raymond Boghos, principal, Waverly Development. “This groundbreaking represents the start of a new chapter for downtown Framingham that offers more housing choices, easier access to transit and inviting spaces that help people connect.”

The community will also feature a comprehensive amenity package, including a clubroom, fitness center with yoga studio, work-from-home offices, swimming pool, landscaped courtyard with fire pits and grilling stations, turf field for yard games, dog run, package and bike storage, private storage, EV charging and other features.

On December 4^th, find out what’s really happening in today’s deal ecosystem at Connect Southeast Multifamilywhen the industry’s leaders unpack where capital is going, how underwriting is evolving, and what creative financing strategies are gaining traction in this shifting landscape. Register to be there at www.ConnectSEMF2025.com