milford | massachusetts€¦ · the town of milford is a diverse economic engine with new-age...
TRANSCRIPT
117 Acres
Milford | Massachusetts
APPROVED 268 UNIT MULTI-FAMILY SITE ON 117 ACRES
495
16
R
268 Units
EAST MAIN STREET
750 feet of frontage
PROJECT BREAKDOWN
309,931 GSF
117 Acres
536 Parking Spaces
(2.0 parking ratio)
268 Units
* Property outline below solely for marketing purposes. Please refer to materials in virtual deal room for more accurate property information.
495
16
13,800 VPD
Colliers International is pleased to present for sale Brookview an approved development opportunity in Milford, MA. Located at 462-466 East Main Street, the project is an approved 40-B development for 200 market rate units and 68 affordable units (25% Affordable). Brookview is located on the north side of East Main Street with approximately 750 feet of frontage. The property is located within Milford’s Business Park (BP) district and consists of a total of 117 acres.
The site’s proximity to Route 16 and Fortune Boulevard will provide residents with significant access to major transportation roads east, west and south. Brookview is proximate to many recreation, cultural and restaurant and social venues including Quarry Square Shopping Center, Target, Dunkin Donuts, Stop & Shop, and many more.
HOLLISTON
HOPKINTON
117 Acres
EXECUTIVE SUMMARY
495
16
85
1.5 miles from I-495 (Exit 11A)
10.4 miles from I-90
16.6 miles from I-95
495 90 95
COMMUTER FRIENDLY LOCATION
Brookview provides the opportunity to develop quality housing in a convenient Metro West location. The site is min-utes from I-495, providing easy access to Providence, Boston, and nearby office parks. Additionally, Brookview is within a 10-minute drive to three MBTA Commuter Rail Stations.
EMPLOYMENT HUB
The MetroWest Suburban office market has shown the strongest fundamentals and absorption throughout Metro Boston and is home to 100,000 households with an average income of $120,000 within ten miles. The Town of Milford is a diverse economic engine with new-age hometown enter-prises such as the Milford Regional Medical Center, TA Instruments and Waters Corp.; each of those enterprises employing over 1,000 people.
QUALITY LOCAL AMENITIES
Brookview is proximate to many recreation, cultural and restaurant and social venues including
Quarry Square Shopping Center, Target, Dunkin Donuts, Stop & Shop. and many more.
NICHOLAEFFARCHITECTURE + DESIGN
891 Main StreetOsterville, MA 02655T 508 420 5298F 508 420 2240nicholaeff.com
REVISIONS
PERMIT PLAN SETOCTOBER 23, 2017
462-466 EAST MAIN STREETMILFORD, MA
VILLAGEROBSHAM GENERAL NOTES:
The drawing and all of the ideas, arrangements, designs and plans
indicated thereon or represented thereby are owned by and remain
the property of Doreve Nicholaeff, Architect inc & Bennett Sullivan
Associates Inc. Architects and Planners. No part thereof shall be
utilized by any person, firm or corporation for any purpose: except
with specific written permission of the firm Doreve Nicholaeff
Architect, Inc & Bennett Sullivan Associates Inc. Architects and
Planners.
Any errors or discrepancies on the drawings, shop drawings and
details are to be brought to the attention of the architect before the
work has commenced.
This offices of Doreve Nicholaeff, Architect inc & Bennett Sullivan
Associates, Architects and Planners, are not responsible for field
administration of this Contract Drawing. The Contractor is solely
responsible for the field interpretation of the drawings and the notes
pertaining to this drawing.
Architects and PlannersSuite 201, Three Pomperaug Office Park
Bennett Sullivan Associates, Inc.
Southbury, Connecticut 06488203.264.8202
B S A
DRAWN BY: OJO, DN, CGM, HJS
SCALE: AS NOTED
TITLE:CONCEPTUAL RENDERINGS
4 BROOKVIEW | MILFORD, MA
Development Rendering
INVESTMENT HIGHLIGHTS
495
95
195
95
495
190
290
290
93
93
90
MILFORD REGIONAL MEDICAL CENTER
TF GREEN
WORCESTER REGIONAL
LOGANINTERNATIONAL
5 minutes40 minutes35 minutes40 minutes
VEHICLE DRIVE TIMES
495 90
2 minutes 10 minutes
5
SOUTH STATION
PROVIDENCE(35-minute drive)
BOSTONSOUTHBOROUGH
STATION(8.6 miles)
FRANKLIN STATION(8.1 miles)
FORGE PARK/495 STATION
(6.8 miles)
unit mix6 BROOKVIEW | MILFORD, MA
Development Rendering
Approved for 268 unitsUNIT MIX: Studios
1 Beds
2 Beds
3 Beds
PARKING: 2.0 per unit
WASTE WATER: On site waste water treatment facility
AFF: 25% of the units to be AFF at 80% of AMI AFF units to be dispersed through the project
10%
45%40%
5%
POPULATION 1 Mile 3 Mile 5 Mile
2018 Total Population: 3,256 37,677 78,209
2023 Population: 3,247 38,146 79,767
Pop Growth 2018-2023: (0.28%) 1.24% 1.99%
Average Age: 39.80 39.70 39.70
HOUSEHOLDS2018 Total Households: 1,240 14,153 28,515
HH Growth 2018-2023: (0.32%) 1.24% 1.99%
Median Household Inc: $91,338 $89,839 $104,636
Avg Household Size: 2.60 2.70 2.70
2018 Avg HH Vehicles: 1.00 2.00 2.00
HOUSINGMedian Home Value: $288,593 $335,021 $376,109
Median Year Built: 1961 1967 1971
demographics
MULTI-FAMILY ADVISORY GROUP 7
MULTI-FAMILY ADVISORY GROUP
CHRIS SOWERSenior Vice President617 330 [email protected]
BRUCE LUSAVice President617 330 [email protected]
JONATHAN BRYANTAssistant Vice President617 330 [email protected]
JOHN FLAHERTYAssociate617 330 [email protected]
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Milford | Massachusetts