Although construction took longer than expected, residents are moving into a new condominium complex at Hingham Shipyard, and developer Samuels & Associates expects to reach 50 percent occupancy within a couple of weeks.
The 26-unit North Building complex is one of three residential buildings, with a total of 94 units, that Samuels plans to build at the shipyard over the coming years.
The project was launched in 2008; however, a sluggish economy soon put it on hold. In 2011, construction on the expansion started again, with groundbreaking in August. Officials had hoped the North Building would be ready for occupancy this past summer, but move-ins began only in mid-October.
“It just took longer than expected. We were thinking we could move people in by the end of August and getting the finishing touches took longer than we expected,” said Leslie Cohen, senior vice president for development at Boston-based Samuels & Associates.
Regardless of the slight delay, Cohen said that by mid-November, half of the building will be occupied.
A retailer, which Samuels officials declined to identify, also will move into a 2,300-square-foot space of the first floor in the next couple of weeks.
As more units are sold in the North Building complex, plans will start for the middle building, which will have 20 units above a retail first floor. Most likely, construction on that portion will start next year.
“We are in the process now of tweaking our deadlines, and doing interior designs based on feedback. We need to do building permit plans, so I would expect it’s a 2013 start, but the plan is to roll through these,” Cohen said. “As we fill out the North Building, we’ll break ground on the middle building.”
The final building, which has not been named, will have 48 units.
The 94 total units, located at 18 Shipyard Drive, range from 900 to 2,000 square feet, with options for single-floor living. Prices start at the upper $400,000 range.
This residential development isn’t the only new construction taking place at the shipyard. Though plans for a large retailer, located in what is now the MBTA parking lot, have been put on hold, Samuels & Associates has been making progress on developing a store beside the CVS drugstore.
“We did go in and permit a new store, which we can’t announce yet, between the Vitamin Shoppe and CVS. It will be a new retailer, a high-volume generator, great for the mixed uses we have out here and will be an added value to the merchandising,” Cohen said.
The store will go into a new, 12,000-square-foot building.Jessica Bartlett can be reached at firstname.lastname@example.org.