Boston-based real estate developer Samuels & Associates is developing the $62.5 million mixed-use project to include 240,000 square feet of waterfront retail, entertainment, restaurant, office space and cinema, and residential for up to 90 condominiums.
Legacy Capital Partners, a Lyndhurst, Ohio-based private equity firm, closed a $5.6 million equity investment in the mixed-use project.
Samuels is slated to break ground on the South Shore project this spring; The Launch is scheduled to open in the fall of 2008.