THE FEDERATED COMPANIES RECEIVES SITE PLAN APPROVAL FOR BEACHSIDE PROJECT

Miami, FL – February 27, 2012 – (RealEstateRama) — The Federated Companies, a leading national real estate investment and development firm, is pleased to announce that it has received site plan approval from the Town of Salisbury for its 210-unit Class A multifamily community in Salisbury, Massachusetts. The site, located at 191 Beach Road, is within walking distance to the beach, and has 900 feet of frontage along Route 1A. The development will have views of Plum Island, downtown Newburyport, and a protected Audubon wildlife reserve to the south.


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