Union Point

Washington Capital Retains Tocci For Union Point

Rendering courtesy of Elkus Manfredi Architects

Washington Capital Management, Inc., on behalf of one or more investment management clients, has retained Tocci Building Corporation to provide development support services for Union Point. The property is the 1400 acre redevelopment of the South Weymouth Naval Air Station formerly known as Southfield. Tocci will assist Washington Capital with land use documentation and selection of a new Master Developer. Services include liaison with the Southfield Redevelopment Authority and landowner responsibilities. Tocci was the former Program Manager for Union Point through 2017 and provided a broad range of planning and construction services.  

LStar Communities to be Removed from Union Point Development

The board overseeing the redevelopment of the former South Weymouth Naval Air Station is putting the project’s master developer on notice of default for failing to attract development, provide necessary infrastructure and meet its financial obligations.

The Southfield Redevelopment Authority’s board of directors on Wednesday determined that LStar has breached the terms of the disposition and development agreement. The board voted unanimously to have Paul Niedzwiecki, executive director of the SouthField Redevelopment Authority, notify the company that it is in default.

“We don’t take this action lightly because it is a big deal, and it’s not a place we wanted to go,” said Lyndsey Kruzer, chairwoman of the authority’s board of directors.

LStar will have at least 30 days to address the deficiencies, after which the board will decide whether to take further action. That could include terminating the master developer agreement, Kruzer said.

The default notice results from mounting legal and financial challenges facing the developer behind the massive redevelopment project, which includes land in Weymouth, Rockland, and Abington.

via The Patriot Ledger

LStar cuts ribbon on new Parkway at Union Point

LStar Communities held a ribbon cutting ceremony last Wednesday (November 23rd, 2016) for the new $6.7 million Patriot Parkway at Union Point in South Weymouth. The completion of the Parkway frees hundreds of acres of land at Union Point up for development. The completed Parkway, financed by MassDOT, cuts through the 1,500 acre Union Point site, linking Routes 3 and 18 as well as the South Weymouth commuter rail station and the future Union Point town center district. Town Center Apartments, a new mixed-use development with 265 apartments and 14,000 square feet of retail, is already under construction at the end of the Parkway steps to the commuter rail station.

Union Point residents were delighted to welcome the new Parkway and enthusiastically honked their car horns as they drove along the road for the first time. The following are photographs from the ribbon cutting ceremony:

Union Point plans revealed at BLDUP, Inc.’s Developer’s Agenda

LStar Communities’ Managing Partner Kyle Corkum revealed the latest plans for Union Point, a a 1,500 acre mixed-use development located 12 miles from Boston, at BLDUP, Inc.’s inaugural Developer’s Agenda event last Thursday evening. Corkum, with help from John Tocci Jr., Director of Virtual Design and Construction at Tocci Building Companies, led Developer’s Agenda attendees on a 3D virtual tour of Union Point and revealed new project renderings, which can be found on the Union Point BLDUP page.

Corkum spoke of the “unprecedented opportunity to build something spectacular” at Union Point, namely a “new transit-oriented city.” The State of Massachusetts has invested $53 million into a new 2.5-mile parkway at Union Point that leads to a new MBTA Commuter Rail Station; the State also invested $23 million into the MBTA Station.

Corkum unveiled plans for a “tremendous concentration of restaurants in an urban environment” that will be centered around a new man-made lake. These restaurants will surround new professional athletic facilities, activating the restaurant district. At game times, streets will be closed off “like Yawkey Way” in Boston. According to Corkum, professional sports teams have already committed to playing at Union Point.

Ultimately, over 100 commercial buildings will be constructed at Union Point; Union Point will feature up to 4,000 homes and up to 6 million square feet of commercial. Construction recently began on Town Center Apartments, a mixed-use development at Union Point with 14,000 square feet of retail and 265 units of rental housing. Six major projects at Union Point are now underway; up to 20 major projects will be underway by Spring 2017.