Source: BOSTON BUSINESS JOURNAL

ELV Associates: Latest Wellesley condo project moves ahead

Developers of a $35 million mixed-use development in Wellesley that will feature 30 luxury condominiums and nearly 10,000 square feet of retail space have secured construction financing. The project is a joint venture of Noannet Group, ELV Associates, both of Boston, and Connecticut-based Abbey Road Advisors. In 2004, the team bought the one-acre parcel at 576 Washington St. that once housed the Wellesley Inn for $8.1 million. Financing was provided by First Niagara Bank. Located in Wellesley Square,…

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Est. Annual Revenue
$5.0-25M
Est. Employees
25-100
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