# Wrenly Is 90% Sold. Here’s Why Buyers Have Been Paying Attention.

By George Koutsos (@georgekoutsos) · Published 2026-10-11

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## There are new construction projects that look great in a rendering.

And then there are communities that are finished, lived in and have proven that the original vision actually worked.

[Wrenly Residences](https://www.wrenlyresidences.com/?utm_source=chatgpt.com) in Wakefield has reached that point.

The 58-residence luxury condominium community at 62 Foundry Street is complete and now **90% sold**, with only a handful of residences remaining. [The Wrenly Residences](https://wrenlyresidences.com/team?utm_source=chatgpt.com)

For someone looking for new construction north of Boston, particularly a buyer who likes the idea of condominium living but doesn't want to sacrifice design, space or quality, Wrenly is worth a closer look.

And having had the opportunity to work alongside the team behind the project, we've been able to see firsthand the thought that went into creating it.

## More Than Just a New Condo Building

One of the things that stands out about Wrenly is that it wasn't designed simply around fitting residences into a building.

It was designed around **how people actually live**.

The homes emphasize open interiors, natural light, modern kitchens and carefully selected finishes. Select residences also offer private balconies, terraces or patios. Homes include in-unit laundry and individually controlled heating and cooling. [The Wrenly Residences](https://www.wrenlyresidences.com/residences?utm_source=chatgpt.com)

But the residences themselves are only part of the story.

The common spaces were designed as an extension of the home.

Residents have access to outdoor terrace space, grilling areas, co-working spaces, a game and media room, fitness facilities and garaged parking. [The Wrenly Residences](https://www.wrenlyresidences.com/amenities?utm_source=chatgpt.com)

It's the kind of amenity package that can make condominium living feel less like giving something up and more like simplifying the parts of homeownership you don't necessarily want to deal with anymore.

## Built by a Developer With Deep Local Roots

A project like this ultimately comes down to the people behind it.

[DiBiase Companies](https://dibiasecompanies.com/?utm_source=chatgpt.com) is a multigenerational, family-owned real estate development company with more than 65 years of experience developing residential communities in Massachusetts and Florida. The company describes its approach as hands-on, with an emphasis on thoughtful design, quality construction and creating communities meant to last. [DiBiase Companies](https://dibiasecompanies.com/about-us/?utm_source=chatgpt.com)

Their portfolio includes projects throughout Greater Boston, including Wrenly in Wakefield, Strongwater Crossing in Salem, Piper Reserve in Lexington, The Postmark in Reading, Blu Haven in Middleton and other residential and mixed-use developments. [DiBiase Companies](https://dibiasecompanies.com/portfolio/?utm_source=chatgpt.com)

That experience shows at Wrenly.

There's an attention to the details that matter after someone actually moves in, not just the things that photograph well for a listing.

And the industry has noticed. Wrenly received recognition at the **2025 PRISM Awards** for its design and amenity experience. [The Wrenly Residences](https://www.wrenlyresidences.com/)

## Wakefield Is a Big Part of the Appeal

The location is another reason Wrenly works.

Wakefield gives residents access to restaurants, shops, outdoor recreation and a traditional town-center environment while maintaining convenient access to Boston. Wrenly itself describes the community around the idea of being close to dining, nature and the city rather than having to choose between them. [The Wrenly Residences](https://www.wrenlyresidences.com/)

For someone coming from a single-family home, that can make the transition to condominium living more appealing.

You're not simply changing the type of property you own.

You may be changing the amount of time you spend maintaining it.

No lawn to mow.

No driveway to shovel.

No exterior maintenance project waiting for the weekend.

For buyers who want more freedom without giving up a high-quality home, that's an attractive trade.

## There's Also an Interesting Opportunity for Downsizers

I think Wrenly deserves particular attention from homeowners who have been thinking about downsizing but haven't found anything compelling enough to make them move.

Downsizing doesn't necessarily mean someone wants a "smaller version" of what they already have.

Often they're looking for something different.

They want quality.

They want convenience.

They want enough space to comfortably entertain family and friends.

They may want to travel without worrying about what's happening back at the house.

And they don't necessarily want to leave the North Shore or Greater Boston communities where they've built their lives.

Wrenly can fit that conversation particularly well.

The remaining residences currently shown on the development's availability page are all **two-bedroom, two-bath homes ranging from approximately 1,200 to 1,370 square feet.** [The Wrenly Residences](https://www.wrenlyresidences.com/availability?utm_source=chatgpt.com)

That's enough space to create a real home without taking on the responsibilities that often come with maintaining a larger single-family property.

## First-Time Condo Buyers Shouldn't Overlook It Either

Wrenly isn't only a downsizer story.

For buyers who want new construction, modern amenities and access to Boston but aren't necessarily looking for a traditional single-family home, condominium living can provide a different path.

Instead of budgeting for immediate renovations or wondering when the roof, heating system or exterior will need attention, you're purchasing into a newly completed community.

The financial side still needs to make sense, of course.

That's where we come in.

Our team can help prospective buyers understand the mortgage options available, the monthly payment, down-payment scenarios and how condominium financing works.

The right structure depends on the buyer — and [Wrenly's residences page](https://www.wrenlyresidences.com/residences) walks through the floor plans and finishes of the remaining homes.

## The Opportunity at Wrenly Is Getting Smaller

This is one instance where "limited availability" isn't simply marketing language.

Wrenly's current website says the community is **90% sold**, and its availability page presently lists only five units. [The Wrenly Residences](https://www.wrenlyresidences.com/?utm_source=chatgpt.com)

That means someone who has been watching the development from a distance is now looking at a very different decision than someone who visited when all 58 residences were available.

The community is built.

People are living there.

The amenities are finished.

You can walk through the property and see what Wrenly actually became.

And there are only a few opportunities left to become part of it.

## Come See Wrenly for Yourself

Photos and floor plans can tell you a lot about a new home.

But there are some things you really need to experience in person.

The natural light.

The finishes.

The common spaces.

The neighborhood.

And whether you can picture yourself living there.

If Wrenly has been on your radar, or if you're simply looking for a new-construction condominium in Wakefield or the North Shore, this may be a good time to take a closer look.

[Explore the remaining residences at Wrenly](https://www.wrenlyresidences.com/availability?utm_source=chatgpt.com)

And if you'd like to understand the financing side before scheduling a visit, give me a call. We can look at the remaining units, run the numbers and determine what financing strategy makes the most sense for you.

**George Koutsos**  
Senior Vice President  
The Koutsos Team | CrossCountry Mortgage  
781-864-0889  
[george@teamgk.com](mailto:george@teamgk.com)  
NMLS #29613

_Availability is subject to change. Property information is based on information published by Wrenly Residences and should be independently verified. Loan programs are subject to borrower, property and underwriting eligibility._