Equity Residential has acquired the 160-unit Helix Apartments in Weymouth, Massachusetts for $62.6 million.
The property is a redevelopment of the former Boston Motel site from Trinity Green Development, completed late 2023. Helix underwent rezoning in 2018 to encourage mixed-use development. Trinity’s proposal for the development, filed in December 2020, was approved in March 2021, with the company agreeing to include 10 affordable units out of the total 160.
Helix is comprised of 160 total apartment homes that come in studio, one- and two-bedroom floorplans as well as one- and two-bedroom layouts with a den. Each apartment home features triple-paned windows imported from Turkey that are rated for the best sound reduction to create a peaceful space for residents. Other in-home touches are white granite countertops, wood-like flooring, two-tone cabinets, French-door refrigerator and a front load washer and dryer.
The community is just a 5-minute drive to East Braintree/Weymouth Landing Station and an 8-minute drive to the Braintree MBTA Red Line Station. Route 3A provides access to coastal areas. On-site retail will be available with grocery and department stores nearby. Several restaurants are in close proximity with a variety of options also a short drive away. Wompatuck State Park and Weathervane Golf are just some of the local recreation options close to Helix.
Equity Residential, based in Chicago, owns a substantial portfolio of properties nationwide, including 25 multifamily buildings in Boston. In addition to the Helix Apartments acquisition, Equity is converting medical office space in Boston into 57 new residential units.
