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Roseland Begins Work on Two MA-Multifamily Properties

By Tony Seruga

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The Chase at Overlook Ridge, Malden, MA

MALDEN, MA—Mack-Cali Realty subsidiary Roseland has commenced construction on multifamily communities in Worcester and Malden. The Short Hills, NJ-based firm is currently finalizing financing deals approaching $90 million on the projects.

Roseland has begun development work on Chase II at Overlook Ridge, a 292-unit apartment development in Malden that will operate with the recently stabilized Chase I as part of a combined 663-unit community. Roseland owns development rights at Overlook Ridge for approximately 800 additional units. The company reports it is finalizing a $48-million construction loan facility on the project. Roseland expects the loan to close within the next several weeks…

Roseland Begins Work on Two MA-Multifamily Properties

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