APARTMENTS TO BE DEVELOPED AT SOUTHFIELD

QUINCY, MASS. — John. M. Corcoran & Co. has announced plans to develop a $44.6 million apartment project at the SouthField master-planned community in Quincy. SouthField Highlands will contain 226 apartments in a mix of one- through three-bedroom units. Community amenities will include a swimming pool, a fitness center, a community room and easy access to the South Weymouth commuter rail station. The project also will contain 8,700 square feet of ground-floor retail space. Construction will begin this month and first move-ins are expected to occur in spring 2012. The project will be seeking LEED certification. UBS is providing construction and permanent financing for the project. LNR Property Corp. is the master-developer for SouthField, the redevelopment of the former SouthField Naval Air Station.