North Reading, Massachusetts-based developer Habitech Acquisitions completed its purchase of a 37.32-acre, four-parcel lot in Stow, Massachusetts for $930,000, with plans to develop an active adult community consisting of 141 units. Jake Parsons of SVN | Parsons Commercial Group | Boston represented the seller, EFMC Associates, and procured the buyer.
The project, called The Cottages at Wandering Pond, is in its final stages of permitting. It will consist of 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.
