Belclare Wellesley to feature retail space, 30 condos starting at $1.4m

Rendering courtesy of The Noannet Group

The Belclare Wellesley will feature 30 condominium units starting at $1.4 million, as well as various shops and a restaurant.

By Jaclyn Reiss, Town Correspondent

Construction crews broke ground today on the $35 million Belclare mixed-use development, which will feature 30 luxury condominiums and 9,500 square feet of commercial space.

The development will be built on the Wellesley Inn site on Washington Street in Wellesley Square, which has been a vacant lot for years.

The market-rate Belclare condominiums are set to sell for between $1.4 million to over $3 million, and will feature two and three bedrooms ranging from 1,500 to 3,000 square feet, according to a statement sent on behalf of developers from The Noannet Group. There will also be five affordable units on-site, developers said.

The commercial space will include shops and a restaurant, though developers did not specify further details. Representatives did not say when they expect the development to be completed.

The construction comes after a embattled history for the site of Wellesley Inn, whose development dates back to the late 1800s. The historic building was sold to a developer in 2005 who demolished the building in preparation for a new project. However, the plans were put on hold, leaving a vacant lot in the center of town.

Developers from Noannet bought the land in 2012 and received the town permits necessary to build the new complex this year.

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Belclare Wellesley to feature retail space, 30 condos starting at $1.4m