Central Plaza was formed in 1981 to act as the managing agent for the Central Plaza Condominium project. Thereafter, it took over the management and leasing of all the projects that were either developed or acquired by DeIulis affiliates. Central Plaza also engaged in real estate development, co-developing the Prince Professional Center, the Church Court Condominium on Washington Street in Salem, and the Wilson Pond subdivision in Rowley.
Church Court Condominium, Salem, MA (1987)
The SRA advertised for proposals for a small vacant parcel it controlled at the corner of Washington and Bridge Streets, adjacent to an active Christian Church. In partnership with a local female real estate developer Central Plaza Associates submitted a successful proposal to construct 16 condominiums on the site.
Meetinghouse Farms Subdivision, Rowley, MA (1989)
In partnership with the same individual, Central Plaza acquired approximately 200 acres of land in Rowley and developed a 120 lot single family home subdivision with an equestrian theme.