FEDERATED COS. RECEIVES SITE PLAN APPROVAL FOR BEACHSIDE PROJECT

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SALISBURY, MASS. — The Federated Cos. received site plan approval from the Town of Salisbury for its 210-unit multifamily community. The site is located at 191 Beach Rd. in Salisbury. Last March, the company acquired a 13.2-acre development site, which included developmental rights to construct a multifamily community as well as a community building, fitness center and swimming pool. The development is currently on the market for $3.1 million.

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