Wollaston Assets proposes two multifamily developments at Old Colony Avenue in Quincy

The Quincy Planning Board convened on March 19, 2025, to discuss significant developments in the Wollaston area, focusing on two proposed multifamily residential projects by Wollaston Assets, LLC. The meeting highlighted the city's ongoing efforts to address housing needs while preserving community ties.

The first project involves the construction of a 94-unit multifamily residential building at 1824 and 28 Old Colony Avenue, which will include two levels of structured parking for 97 vehicles. This proposal aims to replace existing four-family buildings and will feature outdoor deck space, drainage controls, and landscaping. The site is located within a Business C zoning district and is part of the Wollaston Revitalization District, which encourages new residential and commercial developments.

The second project, located at 38 Old Colony Avenue, proposes a 27-unit affordable multifamily residential building with structured and exterior parking for 18 vehicles. This initiative is particularly noteworthy as it aims to provide housing options for current tenants of the existing residential buildings slated for removal. The developers, David Lee and Cindy Xu, who have strong local ties, emphasized their commitment to ensuring that existing residents have the opportunity to remain in the neighborhood by prioritizing them for the new affordable units.

During the meeting, the board acknowledged the importance of these developments in addressing Quincy’s housing demands, particularly in light of the ongoing revitalization efforts in the Wollaston area. The proposals will undergo further peer review, and the board voted to continue discussions at the next meeting scheduled for May 21, 2025.

The discussions reflect a broader trend in Quincy towards enhancing housing availability while maintaining community integrity, as the city navigates the complexities of urban development and resident needs. The outcomes of these proposals will be closely watched as they could set a precedent for future developments in the area.