Strategic Land Ventures secured 1.9 acres of property to build The Sanctuary on East, a mixed-income development in Walpole. The 6-story multifamily project will feature a mix of 1-, 2- and 3-bedroom apartments.
Located along East Street, the 142-unit building will include thirty six units reserved for residents earning at or below 80% of area median income.
The local Zoning Boards of Appeals approved the project under Chapter 40B, a state statute that expedites permissions for developments that ensure 20% to 25% of units have long-term affordability restrictions.
The Sanctuary on East will offer amenities like a putting green, indoor golf simulator with a bar and pub room with billiards as well as proximity to downtown Walpole. Plans for the development also include a below-grade parking garage with 171 parking spaces.
Construction is set to begin in the fourth quarter of 2025, with completion expected in 2027.