SAUGUS, MASS. — Chicago-based Waterton has acquired Residences at Stevens Pond, a 326-unit community in Saugus, approximately 10 miles north of Boston. The seller and sales price were not disclosed. Constructed in 2003, Residences at Stevens Pond consists of 25 three-story buildings, as well as a clubhouse. The community features one-, two- and three-bedroom units, including apartments, lofts and townhomes.
Amenities include a pool and spa, outdoor pavilion with fireplace, fitness center, arcade, indoor half-basketball court and golf simulator. The property is surrounded by the Breakheart Reservation, a 652-acre public recreation area with two freshwater lakes, hiking trails, a dog park and a children’s playground.
Waterton plans to renovate the units and common areas at the community. Planned updates include new quartz countertops, backsplashes and cabinets in the units, as well as lighting and plumbing fixtures throughout.