Bonvie Homes on Friday announced a deal to build Four Winds at Union Point, a residential development with 500 age-restricted, market-rate homes. The development will include a mix of townhouses, single-family homes and condominium units.

WEYMOUTH – A Mashpee developer has signed on to build a 55-and-older living complex at Union Point, becoming the second retirement community planned at the former South Weymouth Naval Air Station.

Bonvie Homes on Friday announced a deal to build Four Winds at Union Point, a residential development with 500 age-restricted, market-rate homes. The development will include a mix of townhouses, single-family homes and condominium units.

LStar Communities is the master developer for Union Point, the property formerly called SouthField. Kyle Corkum, managing partner of LStar Communities, said in a statement that the Weymouth Town Council has pushed for an increase in age-restricted units as a way to boost tax revenue without burdening local schools.

Last week, tenants started moving into Fairing Way, a Union Point development with 104 apartments for people 55 and older and a 46-bed nursing home. Construction will begin next year on a second building with 107 units.

Construction projects are starting to ramp up on the 1,400-acre former base that includes land in Weymouth, Rockland and Abington since all three towns approved new zoning to allow denser development. So far, development is focused on the Weymouth portion of the Union Point site.

Mayor Robert Hedlund said he was representing the town in the state Senate when the closure of the base was first announced, so it’s satisfying to see redevelopment plans taking shape.

“It’s been a long process to get us where we’re at, and I’m at a point where I have some confidence that we’ll see benefit to the community,” he said.

Hedlund said the announcement of 500 new units also reinforces the need for the town and LStar to address some infrastructure issues regarding water, sewer and transportation. He said he had a lengthy meeting with the developer on Thursday afternoon.

LStar executives said they are also finalizing a deal with a national developer for another 200 age-restricted luxury apartments. That agreement would put LStar more than two-thirds of the way towards its goal of building 1,000 age-restricted housing units in Weymouth by 2031.

Construction is under way on the $6.5 million state-funded extension of the Delahunt Parkway – the final, half-mile piece needed to connect Weymouth Street in Rockland near Route 3 to Route 18 in Weymouth. The new stretch of road will run through what LStar envisions as the downtown area of apartment buildings, a park and retail shops.

Developer John M. Corcoran and Co. of Braintree plans to build 265 apartments and 18,000 square feet of retail space along the parkway extension. Corcoran has already built a 226-unit apartment complex and a 72-unit apartment building at Union Point.

Pulte Homes of New England is building 200 condominiums and Northland Properties is building 10 single-family homes.

On the commercial front, Deja View, a high-tech engineering firm, will move to the renovated hangar building in 2017. Earlier this month, Dutch robotics company ProDrive Technologies signed a deal to develop its U.S. headquarters on about 7.5 acres of land provided by LStar for free as an incentive to draw in a flagship tenant.

In total, the Union Point plans call for 3,900 homes and apartments and up to 6 million square feet of commercial space. At full build-out, LStar predicts commercial tenants alone will produce $20 million in annual tax revenue for Weymouth alone.

Weymouth Town Councilor Michael Smart said in a statement that the Four Winds at Union Point announcement means “significant new revenues for the town of Weymouth, even earlier than we anticipated.”

House Majority Leader Ronald Mariano, D-Quincy, and State Sen. Patrick O’Connor, R-Weymouth, said in statements they are pleased at the progress at Union Point.

Jessica Trufant may be reached at jtrufant@ledger.com.