Cela Development Inc., led by Anton Cela, has secured $6.34 million in financing from Rockland Trust for the construction of a mixed-use property on Bridge Street in Weymouth, MA. The 31,000 square foot property will feature retail space on the ground level and 20 one- and two-bedroom apartment units on the second and third floors.
According to Sean McKenna, VP and commercial loan officer at Rockland Trust, there is a growing demand for housing opportunities in towns like Weymouth that have access to public transit and commuting options into Boston. He also mentioned his appreciation for the relationship with Cela Development as this project will help address housing needs in a constrained market.
Cela Development has completed various construction projects throughout South Boston and Quincy including apartment complexes, single-family homes, and restaurant renovations. This new project is conveniently located near George Lane Beach as well as Lovell’s Cove Park making it an attractive location for potential residents.
This article was originally published by Connect CRE but we are unable to mention them due to restrictions.
