January
11
2024
SWAMPSCOTT --- The Westcott, the 114-unit 40B apartment complex on Essex Street, is on track to open in the middle of 2025 after WinnCompanies said it secured $69.1 million in necessary financing. It will include 16 apartments at 30 percent of AMI, 62 apartments at 60 percent of AMI, 16 "middle-income" or "workforce housing" apartments for those earning up to 110 percent of AMI and 20 units at market rates. Developers say residents will receive a variety of transit-oriented amenities.