The project was permitted in 2004 as a senior housing development. Construction began one to two years later, but a weak real estate market and high unemployment made it difficult to sell units. In 2008, the Zoning Board granted a variance making two of the five buildings non-age restricted.
"It has been transformed ... into something that is unique," Gary Hogan, an attorney for the developer. "There is not another similar development in this town."
That variance coupled with a decrease in the selling price of units led to increased sales, Hogan said, adding that 25-30 percent of the units have been sold and 40 percent have been built.Franklin condo developer wants to expand project
from The Milford Daily News News RSS
Franklin, MA
No comments:
Post a Comment