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Weymouth Mixed-Use Garners Construction Financing
Anton Cela’s Cela Development Inc. has secured $6.34 million in financing from Rockland Trust for the construction of a mixed-use property on Bridge Street in Weymouth, MA. The property spans three floors totaling 31,000 square feet, with the ground level designated for retail space. The second and third floors will contain a mix of 20 one- and two-bedroom apartment units.
Sean McKenna, VP and commercial loan officer at Rockland Trust, said, “Areas south of Boston, particularly towns like Weymouth with access to public transit and commuting options into the city, have a growing demand for housing opportunities. I appreciate the relationship we have built with Anton and the team at Cela Development, as this project will help to supply needed housing in a constrained market.”
Cela Development has undertaken various construction projects in South Boston and Quincy, ranging from apartment complexes to single-family homes and restaurant renovations. The current project is located within walking distance of George Lane Beach, Lovell’s and King’s Cove Park.
- ◦Financing
