Digging Out of the Downturn

Boston Globe – A local developer is making a $35 million bet that the suburbs are ready for Boston-style condominiums slated to sell for an average of nearly $2 million.

The Noannet Group LLC recently launched construction on a 30-unit, urban-style luxury condo project at what for years has been a fenced-off hole in the ground in the heart of Wellesley Square.

The Belclare Wellesley development is being revived as stalled projects across the area have finally made way for gleaming new residential and retail complexes . . .

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