The O’Connor Group of New York has recently announced the launch of Elysian Watertown Square Residential Property Owner, LLC. This joint venture between O’Connor Group, FrontRange Capital Partners and Takenaka Corporation will bring a new 142-unit development to 53 Pleasant St. in Watertown, MA. The mixed-use project will feature both residential and retail space along Main Street.
Upon completion, the development will offer 190,000 square feet of rental units with 15% designated as affordable housing. Additionally, the project includes plans for renovating a historic row house from 1890 into five condominium townhouse units available for sale.
According to John F. O’Connor from the O’Connor Group: “With support from our elected officials and town planning staff as well as an exceptional team of professionals, we have designed The Elysian at Watertown Square to serve both current residents and newcomers alike for many years to come – all while incorporating sustainable practices that set a new standard for development in this area.”
