Dignitaries and residents joined the A.D. Makepeace Company Tuesday at a ribbon cutting to celebrate the opening of 35 Rosebrook, the region’s newest luxury apartment community.
Company President and CEO Michael P. Hogan described the 65 apartments, located at I-495/I-195, as the most recent addition to “a new entryway and a new economic engine” for Wareham.
Rosebrook is a mixed-use village featuring the Lafrance Hospitality Company’s 88-unit TownePlace Suites by Marriott and conference space, Southcoast Health’s 68,000-square-foot medical office building, the 58-unit All American Assisted Living, and 27,000 square feet of retail, office, and restaurants. One building site remains.
“Rosebrook is a place to live, work, and play, and we put our own special spin on that smart growth theme with farming,” Mr. Hogan said, referring to the cranberry bogs that are the uniquely picturesque view from 35 Rosebrook. The A.D. Makepeace Company is the world’s largest cranberry grower and a founder of the Ocean Spray cooperative.
The company began development of Rosebrook in 2010, following acquisition of numerous substandard properties located along Cranberry Highway. Since then, new property tax base to the town has been approximately $35 million.
“This is another wonderful addition to the Town of Wareham,” said State Rep. Susan Williams Gifford, referring to the company’s “vision” for high quality development, at the ribbon cutting ceremony.
“It’s amazing how much has gone on here,” agreed Marie Oliva, president of the Cape Cod Canal Region Chamber of Commerce.
Assisting with the formal ribbon cutting were Robert S. Karam, chairman of the A.D. Makepeace Company Board of Directors, and Abigail Gilmore Anderson, who was named to the Board last year.
A.D. Makepeace Company Senior Vice President James F. Kane gave special recognition to Stephen J. Spitz, V.P. Regional Manager of Cape Cod Five Cents Savings Bank. The bank not only loaned money for the construction of 35 Rosebrook, but it also operates its first full-service branch off-Cape at Rosebrook.
Also recognized was the team from Jack Conway and Co., including President Carol Bullard. The company is the exclusive leasing agent for the Rosebrook apartments.
The apartments opened last winter, and the building is more than 70 percent occupied. The one- and two-bedroom apartments’ spacious floor plan, high ceilings, expansive windows, and state-of-the-art kitchens have attracted a variety of tenants ranging from a young couple with a newborn to senior citizens. About a third of residents are from the Wareham area, and the balance are from as far away as Florida and Alabama.
The A.D. Makepeace Company is the largest private property owner in eastern Massachusetts, and a recognized leader in environmentally responsible real estate development and stewardship.
Information about the apartments is available at 35rosebrook.com.