The developer building a 132-unit mixed-use project on the site of the former Paragon Boardwalk announced its groundbreaking late last month.

On October 20, the Procopio Companies launched “Paragon,” the latest name for the project at 181-199 Nantasket Ave. Crews have cleared the site and in recent weeks have been installing foundations and underground drainage systems.

The project was approved by the planning board last November and has a target completion date of spring 2027. It encompasses the former miniature golf course, arcade, and Paragon Boardwalk outdoor venue.

In addition to the apartments, the project includes 9,300 square feet of commercial space, an elevated courtyard with an inground pool, public open spaces, a parking garage, surface parking for a total of 180 cars, and a dog run. The total project cost is $65 million.

“Paragon integrates into Nantasket Beach’s lively, connected, and thriving neighborhood for residents and visitors alike,” said Bryan Vitale of The Procopio Companies. “We are proud to break ground on a project that will not only provide new housing options but also activate the waterfront with exciting retail and dining experiences.”

The plan as approved also includes a 10-foot-wide wooden boardwalk along Nantasket Avenue with stairs and handicapped-accessible ramps, and elevating all but one of the commercial spaces and the residential lobby to a height that is about two feet, four inches above the current level of the sidewalk. The raised boardwalk will allow flood water to pass under the building.

Procopio is financing the project through Redcove Capital and Boston Andes Capital. Monte French Studio is the architect for the project, and CEC is the civil engineer. Dellbrook JKS is the construction manager.

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