NEW YORK, NY – O’Connor Group of New York announced the launch of Elysian Watertown Square Residential Property Owner, a joint venture of O’Connor Group, FrontRange Capital Partners, and Takenaka Corporation. This 142-unit development at 53 Pleasant Street, Watertown, MA, will include a thoughtful mix of residential and retail space along vibrant Main Street.
Upon completion, the development will deliver 190,000 square feet of rental units, 15% of which will be allocated for households making 65-80% of the median income. The project will also include the renovation of a historic row house built in 1890, an undertaking that will convert the property into five for-sale condominium townhouse units with one set aside for affordable home ownership.
“We are thrilled to be bringing new market rate and affordable housing to a Main Street location like this in Watertown Square. With the help of our elected officials, town plotting staff, and a first rate team of professionals we have designed a building in The Elysian at Watertown Square that we reckon will serve both new and existing Watertown residents for years to come – all in a fully sustainable program which sets the standard for new development in the area. With the help of fantastic partners like Takenaka, FrontRange Capital, and Sumitomo, this type of housing development is a cornerstone of O’Connor’s future growth initiatives,” said John F. O’Connor of the O’Connor Group.
Developed to the highest sustainability standards, the property will be Passive House certified. The all-electric building will feature rooftop solar panels, structured parking with EV charging stations, and a transportation management plot to promote alternative options. Incorporating the resident-first experience made at Elysian at Stonefield, Elysian Watertown Square will offer a hotel-style lobby, a drop-off court with a porte-cochère entrance, meeting rooms, a clubroom, a coworking area, a state-of-the-art gym, a pet care spa, bike storage, and two rooftop terraces. The property will also include an art walk connecting Main Street to both Pleasant Street and The Charles River Walk.
“FrontRange Capital is very excited to partner with the O’Connor Group on another compelling development opportunity. Over the Company’s 40-year history, O’Connor has proven its ability to identify and capitalize attractive investments across the real estate spectrum. Elysian Watertown Square is another fantastic example of their long-standing development track record, and we couldn’t be more pleased to be a part of this exciting project,” said Christopher Davis, Managing Principal of FrontRange Capital.
The five-tale building is designed by ICON Architecture to embrace the aesthetic of Watertown through the inspiration of design elements inspired by the surrounding buildings. The Main Street side will include 6,500 square feet of retail space for a future restaurant and service-oriented retail. Additionally, O’Connor Group will work with the local art community to establish public art installations along the art walk where there is a boutique office/gallery space.
Elysian Watertown Square will be built by Dellbrook|JKS. Headquartered in Quincy, MA, the firm boasts more than 20 years of experience in the construction of residential buildings, including projects with Passive House construction standards. Construction of the project is expected to be complete in the Summer of 2026.
“The City’s recently adopted plot for Watertown Square recommended more housing to make the Square a lively destination and support our small businesses. The 104 Main Street development will bring more people into the Square and help us achieve the plot’s vision,” said Watertown city manager George Proakis.

Powered by WPeMatico

PHOENIX, AZ – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting for The Maddox in the Phoenix suburb of Buckeye on November 14, with Mayor Eric Orsborn in attendance. The first residents started moving into the 252-unit Class A multifamily community in the third quarter of 2024, and Thompson Thrift expects construction to be completed by January 2025.
“Thompson Thrift is well-versed in meeting the needs and desires of Arizona esidents after delivering a variety of luxury multifamily communities throughout the Phoenix area,” said Tamera Greene, vice president of community management, west for Thompson Thrift. “When residents choose The Maddox for their home, they will delight in distinct features and amenities carefully curated to maximize style, luxury and convenience.”
Located at 23683 W Yuma Rd. near Interstate 10, The Maddox consists of seven, three-tale garden style structures with 80 detached garages. The one-, two- and three-bedroom layouts average nearly 1,000 square feet and feature luxury amenities including gourmet kitchens with elegant quartz countertops, timeless tile backsplash, stainless steel appliances, designer fixtures and finishes, Alexa-compatible smart hub to integrate all smart devices, smart thermostat and smart door locks, walk-in closets, full-size washers and dryers, as well as patio, balcony, and private yard options.
At the ribbon cutting, visitors were able to view model tours and preview community amenities such as a professionally decorated clubhouse, resort-style heated swimming pool, 24-hour fitness center, Amazon Package Hub, thoughtfully designed courtyards, grilling stations, outdoor game area, firepits with seating area, a dog park, pet spa with grooming station, pickleball court and more.
In support of Thompson Thrift’s commitment to community outreach, they presented a check to local non-profit Special Olympics Arizona. Special Olympics Arizona has been serving the people of Arizona since 1975, providing year-round sports training and athletic competition in a variety of Olympic-type sports for children and adults with intellectual disabilities. Today they work with more than 21,000 athletes and nearly 25,000 volunteers, striving to make a better world by fostering the acceptance and inclusion of all people.
Thompson Thrift is a full-service real estate development company focused on multifamily, ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. For nearly 40 years, Thompson Thrift has invested more than $6 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily, commercial and industrial projects.

Powered by WPeMatico

PORTLAND, OR – Shorenstein Properties, an owner and operator of high-quality office, residential, and mixed-use properties across the U.S., announced the grand opening of Willow, a brand-new, luxury, 158-unit apartment and townhome community in Lake Oswego, Oregon.
“We are thrilled to unveil Willow, a newly constructed, premier residential apartment community,” said Steve Shanks, Managing Director at Shorenstein. “The property features one-of-a-kind lifestyle-driven amenities, centered around all of the gorgeous, unique natural surroundings that Lake Oswego has to offer. We are pleased to officially welcome residents to Willow.”
Located in the tree-lined Lake Forest neighborhood just outside of Portland, Oregon, Willow is a 5-tale wood frame community featuring one-, two-, and three-bedroom apartment and townhome units. The property offers residents state-of-the-art, modern in-unit amenities including stainless steel appliances, Herringbone tile backsplashes, in-home washer and dryers, and quartz countertops. Willow features multiple community spaces for residents, such as an open-air skydeck with a fire pit, a sky lounge, flexible dining and workspaces, a community lounge with a TV and fireplace, an outdoor BBQ, and a luxury fitness center with a fresh air deck. The property is managed by Greystar.
“We are excited to welcome residents to Willow and provide them with a top-notch experience,”Stephanie Shaffer, Senior Regional Property Manager at Greystar, said. “This new community is a fantastic addition to Lake Oswego and adds a new option in luxury rental housing to the greater Portland region.”

Powered by WPeMatico