Inventory Intel
The town of Westford approved plans for a multi-family residential project at 37 Powers Road.
Located near Sagamore Spring Golf Club, the development features 66 home sites.
Formerly owned by The Community Builders, Plumley Village offers 430 affordable apartments and a bevy of amenities.
Located at 11 Ashton Place, the three-unit multifamily property offers studio, one- and two-bedroom apartments.
Select units feature private balconies or patios, while first-floor apartments boast 11-foot ceilings.
Elizabeth Court features 20 two-bedroom apartments and six one-bedroom apartments, along with 32 off-street parking spaces. Those involved with the transaction note the property’s income potential.
Fenway CDC purchased a dilapidated parking lot at 72 Burbank St. in 2021, replacing it with a seven-story residential building.
City leaders hope to increase homeownership opportunities and improve access to library services in a high-demand pocket of the city.
To meet local needs, Cranberry Manor’s units will be income restricted to those 62 and over, who earn varying levels of the area median income.
HGI currently owns 978 units in the area and has bought and sold over 3,100 apartments across nine properties in Massachusetts.
The project was the first to use the city’s Downtown Residential Conversion Incentive Program, which encourages developers to convert office buildings into residences.
Despite a slowdown in single-family construction activity, newly built homes are becoming increasingly accessible to American buyers, in terms of both availability and affordability. According to data from the New-Construction Insights report released by Realtor.com, in the second quarter
Located at 344-350 Washington St., the six-story development will replace an existing structure set for demolition.
Housing Development Incentive Program (HDIP) awards totalling $15 million will fund the development projects.
POAH plans to maintain the property’s architectural integrity and restore its historical exterior facades.
A 1950’s era vacant commercial building and asphalt parking lot currently sit on the site. The project marks the first phase of a broader redevelopment effort in the area.
