Beverly, MA – NEI of Randolph has begun construction on 112 Rantoul Street, a transit-oriented mixed-use development project located adjacent to the commuter rail station in the heart of downtown Beverly. The project is a six-story, 66,000sf podium construction building that will be composed of 67 market-rate residential rental units with a wood structure constructed over a steel structure housing retail and business spaces.
The project team includes women-owned businesses Barnat Development, ICON architecture, and McDermott Ventures. Also on the team are McPhail Engineering, Meridian Associates, and Terrence McDermott, Esq.
The apartments will range from studios to two bedrooms, and resident amenities will include a roof deck with a view of Beverly Harbor.
Up to 70 parking spaces will be reserved in the adjacent commuter rail parking garage. The ground floor retail space will help to revitalize Rantoul Street with a café or gourmet food store serving the needs of neighbors and commuters that utilize the Beverly Depot.