Wilmington, MA – The Procopio Companies recently celebrated the grand opening of Lume, the firm’s newest addition to its multifamily portfolio, located in Wilmington.
Lume is a 3-story, podium style apartment building with 39 garden style units and 10 additional luxury townhomes. The development includes community amenities such as a fitness center with a dedicated yoga room, a club room, pet spa, outdoor patio area, a secure parking garage, and private Zoom rooms, specifically designed for virtual meetings with specialty acoustic treatments.
The 74,000sf development is located less than a mile from the Wilmington MBTA stop, with easy access to I-93, I-95, I-90, Route 38, and I-495. The property is also minutes away from numerous local restaurants, parks, and schools.
Wilmington has become one of the life science clusters that has sprung up outside of Cambridge and Boston, due to the lack of vacancy and rising rental rates. “Lume brings much needed multifamily housing to Wilmington, a transit-oriented community conveniently located near Boston’s life sciences industry,” said Angelo Antidormi, director of acquisitions at Procopio.
Project partners for the $20 million development include DMS Design as the project architect and Conant Design Group for interior design. Equity for Lume was syndicated and SalemFive served as the lender, while Charlesgate is handling property management and leasing.