The Chamber is excited about this week’s announcement that John Corcoran & Co. will start construction on 226 rental apartments at SouthField, the former Weymouth Naval Air Base. Anybody wondering about the South Shore’s economic future should recognize this as one of the milestones at SouthField which leads regional growth that will run at least a decade and perhaps much longer.
The Corcoran announcement is the fourth housing deal at SouthField announced in the last few months but it is the largest one and it targets the demographic that will most likely change the face of the South Shore. The Corcoran apartments should be very appealing to a young people looking for housing near Boston.
One of the South Shore’s competitive advantages over the next decade will come from the large number of 25 to 45 year olds that will be drawn by the new housing we are building on the South Shore. The largest projects are connected to Boston by rail and boat. That young, educated talent pool will make the South Shore more appealing for companies deciding where to locate and build their businesses.
John Corcoran & Co. is a Braintree based company with long ties to the Chamber and the South Shore. One of the unnoticed but exciting facts from SouthField is the initial housing contracts have gone to local companies. This reinforces the positive impact the massive development will have on the regional economy and how it can help businesses throughout the region.
Peter Forman, President & CEO
