Report Unveils Possible Rents At New South Shore Plaza Apartments

BRAINTREE, MA — Patch recently shared that a Florida developer is discussing a plan to bring apartment living to Braintree's South Shore Plaza.

Now, Boston.com is reporting what it may cost to live there.

To recap, Zom Living is proposing a 495-unit complex which would be built in a lot near South Shore Plaza.

Banker & Tradesmen reports that the apartment complex, called The Residences on Granite, would include 180 senior living apartments. Parking would be on the lower levels of the two five-story apartment buildings, according to the report.

The Boston Business Journal is reporting that the developer has reached an agreement to purchase the lot for the buildings from Simon Property Group for $20 million, but there are still hurdles to clear.

Banker & Tradesmen reports that the project will need clearance from both the Braintree Town Council and Planning Board, the latter of which must approve and issue a special permit.

According to Boston.com, rents are estimated to be about $2,100 per month for studios, $2,500 for one-bedrooms and $3,000 for two-bedrooms. This, of course, is based on current market rates, but could change based on when the project actually finishes.