Woburn, MA – Tocci Building Companies is building the latest phase of Lynnfield Initiatives for Elders, Inc (L.I.F.E) Colonial Village development. Tocci will construct the seven building, 115,000sf, project in collaboration with L.I.F.E and O’Sullivan Architects. The team broke ground in late fall 2013 and the seven building footprints have already taken shape. The $15 million project is scheduled to open in October 2014.
“We are excited to be a part of the team with Lynnfield Initiatives for Elders, Inc. We have been working with them on this project since Market Street was conceived and now to see the buildings going up is very satisfying,” said David O’Sullivan AIA, president of O’Sullivan Architects, Inc.
The mixed-use development spans 6.5 acres of land on Market Street in Lynnfield. Tocci’s project is the third expansion of the development for L.I.F.E, a non-profit organization that develops residential units for individuals and couples age 55 and older. As quality of life improves and life expectancy extends, the demand for competitive senior housing increases. Tocci’s range of senior living experience (from luxury senior apartments to complex continuing care retirement communities) enables effective implementation of Colonial Village’s differentiating factors, including its amenities program.
“What a lot of people do not realize is that there is a huge demand for housing for the elderly,” said Joe Maney, president at L.I.F.E .”
The project includes 12 townhouse units, 35 garden style units, an underground parking garage and a community clubhouse. Each building will incorporate consistent façade and interior finishes creating a sense of community across the development.