Randolph, MA – Pro Con Inc has completed the first of three new apartment buildings in the Rosemont Square community and residents began moving into the new apartment homes in September. The community is being developed by The Praedium Group, a New York City-based national real estate investment firm and its partner, Beacon Communities of Boston, residential real estate owners, developers and managers. The 120 new apartment homes will complement the existing 384 garden-style apartments at Rosemont Square. Davis Square Architects of Somerville, MA is the project architect and Stantec Consulting of Boston is the landscape architect. Pro Con Inc of Manchester, NH is the general contractor for the Rosemont Square expansion project.
“We received the certificate of occupancy for the first building in mid-September and the initial residents have moved into the building,” stated the project manager for Pro Con Inc. “We are currently installing the interior finishes, including cabinets and flooring, in the second building and we are targeting an early November completion for the final third building.”
Each of the 840 sf, one-bedroom apartments feature a fully furnished kitchen with Energy Star appliances, washer and dryer, and individual balconies with sliding glass doors. Six of the units are accessible apartments and some units have open kitchen floor plans. The new apartments are located in three, four-story garden-style buildings with elevators.
Rosemont Square is a rental community with first rate amenities including a new clubhouse with a pool and fitness center that was completed in 2010. Rosemont Square is situated on 38 acres in a quiet residential setting and is conveniently located near Boston, major highways, fine dining, shopping and entertainment.
The Praedium Group is a real estate investor focusing on under-performing and under-valued assets throughout North America, with $8.2 billion in total investments to date in more than 322 transactions comprised of 41 million square feet of commercial space and 68,000 multifamily units. Praedium was formed in 1991 with a leading international investment bank as its sole investor. Building on the experience and exposure gained through this original investment program, Praedium has been a sponsor of commingled real estate private equity funds since 1994. The funds sponsored by Praedium have attracted investors that include public and corporate pension funds, financial institutions, insurance companies and endowments.
Beacon Communities develops, owns and manages over 50 communities on the east coast. The company has a proud 40 year history of providing exceptional residential communities that serve a diverse cross-section of society and make enduring contributions to the vitality of the cities and towns where they are located.
Pro Con, Inc is a full service architecture, engineering and construction management firm specializing in commercial, hospitality, institutional, industrial and multi-family residential projects. The company is recognized as an industry leader and is known for their single source design-build delivery system, “The Diamond Solution”.