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Jun 26, 2014

Construction is underway at Waltham’s Moody & Main

Officially Dubbed “The Merc at Moody & Main”

06.26.2014, Waltham, Mass. – Construction is now underway for the first phase of apartments at Moody & Main, Northland Investment Corporation announced today. The Merc at Moody & Main, the first new development in downtown Waltham in recent years, will honor the historic Mercantile Building that once stood at this landmark location. The mixed-use, transit-oriented development includes 269 new residences, 27 of which are affordable, in three five-story buildings on the 4.5-acre site along with, 27,595 square feet of retail space, a 300-car parking garage and 92 surface parking spaces. The first grouping of residences will be ready for occupancy next summer, with project completion set for the summer of 2016.

Access to transit is a primary feature of The Merc at Moody & Main, located across from the Waltham Common and just one block from the Waltham MBTA commuter rail station. The MBTA Express bus stop is located just steps away for a direct route to Boston, as well. The location also offers convenient access to interstate Routes 128 (I-95) and I-90, providing quick and easy driving access to Boston, Cambridge and Waltham’s highly desired suburban office market.

With a nod to days when the Mercantile Building was a focal point of the downtown, The Merc at Moody & Main will bring renewed excitement to the heart of the city with new residents and active retail on the ground floor. Designed to evoke and respect the historic character of Waltham, the buildings will feature masonry facades with large windows while also providing abundant amenities for residents to enjoy. With this design, Northland is creating a contemporary, urban village that draws inspiration from the past.
“This project could not have come to fruition without the support of the City of Waltham and we are very grateful for all the time they have dedicated to The Merc,” said Peter Standish, Senior Vice President at Northland. “Waltham’s downtown is a prime location convenient to regional transit and we are very excited to be a part of this new chapter in the city’s history and its future.”

At a kick-off reception today, the Northland team was joined by Waltham Mayor Jeannette McCarthy; City Council President Robert Waddick, as well as other local officials and city council members.

“The City and its residents are very excited to welcome this new addition to downtown and we are proud to partner with the Northland team,” said Jeannette McCarthy, Mayor of Waltham. “Moody Street continues to evolve and this new influx of residents will add to the vibrancy of our downtown.”
The development is surrounded by the city’s numerous and diverse retail shops, grocery, and entertainment and cultural venues.

Residents will have access to a roof top deck, outdoor patio/courtyard area, a fitness center, library, game room, and richly appointed clubroom. The interior court will be landscaped and linked to Moody Street via a wide breezeway at the ground level. The well-equipped apartment homes will all feature washers and dryers, dishwashers, walk-in closets, stainless steel appliances, European-style cabinetry, and solid stone countertops.

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