The offering consists of the development opportunity associated with the approved 32-unit 40B townhouse-style residential project at 250B Turnpike Road. The project is currently approved as a rental development under M.G.L. c. 40B, subject to the conditions set forth in the Comprehensive Permit and any remaining final approvals, permits, regulatory agreements, and purchaser due diligence.
The seller can make available a due diligence package including the recorded Comprehensive Permit decision, civil/site plans, septic design materials, property division/lot area materials, and related permitting documents. Purchasers should independently review the Comprehensive Permit conditions, MassHousing/regulatory requirements, Conservation Commission requirements, final engineering requirements, utility/septic approvals, and any final lotting or easement documentation.
The current approval is for rental townhouse units. A purchaser interested in an alternative ownership structure, including a potential condominium or for-sale execution, should independently evaluate feasibility and required approvals.