Oaktree FX, a partnership between Cambridge-based Oaktree Development LLC and Patrick Cleary of FX Investments, held a groundbreaking ceremony Monday for the $32 million Brookside Square project, a transit-oriented, mixed-use development near the West Concord Commuter Rail Station.
Plans call for Brookside Square to have 74 luxury apartments and 36,000 square feet of commercial and office space.
“Residents of Brookside Square will be able to shop, eat and enjoy the benefits of outdoor recreation all within a short walk of their home,” Gwendolen Noyes, senior vice president of Oaktree Development, said in a statement. “The complex is right on the rail and will not only provide access to Boston and Cambridge for the residents, but will also serve future employees of the commercial office space that wish to access public transportation.”
Avison Young has been named as the exclusive leasing agent for the 36,000-square-foot commercial space within Brookside Square.
Tocci Building Cos. will be responsible for the construction.