Winthrop, MA – The Procopio Companies announced that The Somerset, the firm’s newest mixed-use development in Winthrop, is now complete and open to residents.
The boutique multifamily development, located at 10 Somerset Avenue, is a 22,000sf, zero lot-line apartment community that brings 29 residential units and 1,119sf of ground-level retail space to downtown Winthrop. As of opening, the property is 35% leased.
The Somerset offers studios, one- and two-bedroom units ranging from 500-1300sf. The property features in-demand apartment and community amenities such as private decks, in-home laundry, quartz countertops, a fitness center, coffee bar, garage parking, and bike storage. The building is also pet friendly.
“Our vision for this property was to create a new standard for apartment living in Winthrop, an extremely desirable oceanside town just north of Boston,” said Greg Procopio, executive vice president of Procopio. “The Somerset is a fantastic addition to our competitive portfolio of developments in desirable, transit-oriented locations across New England.”
Procopio developed Somerset in concert with Khalsa Design, architect of record; Syndication, equity source; and North Shore Bank, lender. The building is now professionally managed by Charlesgate’s property management team.