194 South Street LP

Development Properties

194 South Street

Atlantic  Capital Investors has obtained a zone change on behalf of 194 South  Street Limited Partnership for their Twin Brook Farm project in Agawam.  The zone change allows the project to be constructed as low-density  condominiums vs. the previous plan to construct the project as an  over-55 community. Click for  Google Map link
 

Opportunity

image39

Both  Atlantic Capital Investors and the sponsors believe that the market for  low-density, residential-style condominiums is firming and that there  is substantial pent up demand in the market for a project of this type. 

Planning and Development

image40

This  is a 60-unit condominium complex fully approved for construction. The  property is located at 194 South Street in Agawam, Massachusetts, and   features 30 secluded acres one mile south of the commercial center of  Agawam. The property is in close proximity to Route 57, Routes 159 and  75 (Main Street and Suffield Street in Agawam), Route 5, and Interstate  91, has excellent regional access and is only 20 minutes from Bradley  International Airport. The development will consist of 30 duplex  buildings containing approximately 1,500 square feet of first floor  living space in each unit, full basements, two-car garages, and an  optional loft.