Located at 10 Somerset Ave., The Somerset is a boutique multifamily property that will have 29 residences and 1,119 square feet of ground-level retail space. The site is tight, requiring zero-lot-line construction in the city’s business district, according to a press release. Khalsa Design is the project’s architect.
“Khalsa Design’s feedback, and close collaboration with our construction team throughout the design process, was pivotal given the zero-lot-line construction required at the property,” Bryan Vitale, Procopio’s vice president of development said. “Our construction financing from North Shore Bank will allow us to move rapidly to develop a luxury multifamily project with a downtown, urban feel in one of Boston’s most desirable beach communities.”
The development received a $7.7 million loan from North Shore Bank, which it secured in September. The project is expected to be completed in July 2022.