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Habitech Aquisitions Takes 37.32 Acres in Stow for Active Adult Community
North Reading, MA-based developer Habitech Acquisitions has completed its purchase of a 37.32-acre, four-parcel lot of raw land on Goshen Lane in Stow, MA for $930,000. The company plans to develop an active adult neighborhood consisting of 141 units.
Jake Parsons of SVN | Parsons Commercial Group | Boston represented the seller, EFMC Associates, and procured Habitech Acquisitions.
“The Cottages at Wandering Pond project is in its final stages of permitting,” said Parsons, “This was the perfect location to develop an active adult neighborhood community due to its proximity to I-495 and the need for additional senior housing in Stow.”
According to the project’s landscape designer, Thom Minder of Hawk Design, the property will have two neighborhoods that will be connected by a wetland area. Plans also include a recreation area facing public-access walking trails, a clubhouse, small pool, activity lawn, and a pickleball court.
- ◦Development
