Cabot JV secures development capitalization for multi-housing development in Massachusetts

A joint venture involving developer Cabot, Cabot & Forbes announced that it has secured capitalization for 200 Quannapowitt, a 440-unit, transit-oriented multi-housing community to be built in Wakefield, Mass., on Lake Quannapowitt.

JLL worked on behalf of the developer to secure the joint venture equity with Equity Residential.

Upon completion, the property will feature one-, two- and three-bedroom floorplans with 18 percent of the units designated as affordable. 200 Quannapowitt will feature market-leading amenity options, including co-working spaces, an outdoor pool, an expansive fitness center, grilling areas on the lake, a skydeck clubhouse, commuter-rail shuttle and multiple courtyards. Residents will benefit from the natural lake setting with walking and biking trails, as well as sailing and windsurfing opportunities.

Located along Interstate 95 in Boston’s 128 North corridor, residents will enjoy convenient access to suburban Boston’s leading emp