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194 South Street LP
Development Properties
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
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
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.