Cabot, Cabot & Forbes and Equity Residential Begin Construction on Lakefront 440+ Unit Multifamily Community Development

WAKEFIELD, MA–Cabot, Cabot and Forbes and Equity Residential have begun construction on a 440+ unit lakefront multifamily community in Wakefield, MA.

The groundbreaking ceremony was held on June 18, 2024. The development basin is located on a 24-acre site at 200 Quannapowitt Parkway in Wakefield.

Denenberg Realty Advisors represented both the seller, Waterstone Wakefield, LLC, and procured the buyers Cabot, Cabot & Forbes and Equity Residential. Both parties worked closely to put this deal together.

The project is located at the north end of Lake Quannapowitt, a popular regional outdoor destination that offers visitors a tranquil and bucolic lake setting where many enjoy walking, jogging and biking. A 3.5-mile paved loop surrounding the 250-acre lake provides a natural amenity base for residents to enjoy these popular outdoor activities.

Neil Denenberg, president of Denenberg Realty Advisors, said, “It was a thrill to attend the groundbreaking ceremony and see the development under construction. This project took over two years to start. The ceremony was attended by city and state officials, Friends of Lake Quannapowitt, Cabot, Cabot & Forbes/Equity Residential, Callahan Construction, as well as residents.”

In connection with

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