L&G’s Asset Management business in the U.S. and Taurus Investment Holdings, LLC broke ground on a new two-building, 201-unit multifamily community at 292–294 Baker Ave. in Concord, MA. Thursday’s groundbreaking ceremony brought together local officials, community representatives and project partners to celebrate the start of site work.

The investment and property development is being made on behalf of L&G’s Institutional Retirement business. The project represents the first funding of a new development in the U.S. for L&G’s Institutional Retirement business and builds on its recent multifamily investments, including The Alder in the Denver metro area and Arkadia West Loop in downtown Chicago.

Located in a structurally undersupplied Greater Boston submarket, the community will include 25% affordable housing under Massachusetts Chapter 40B guidelines.

Construction is expected to begin THIS YEAR, with the first building targeted for completion by the end of 2028 and the second expected to follow in 2029.

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