July 8, 2019
Dallas-based Fountain Residential Partners, in a joint venture with HC2 Capital, has announced plans to develop North 116 Flats, a 15-unit multifamily community in Sunderland. Located at 653 Amherst Rd., the project is just north of the UMass Amherst.
The community is being developed in conjunction with MassHousing and Chapter 40B, the Commonwealth’s regional planning law that promotes responsible housing growth. North 116 Flats will provide 25% of its units to qualified households making up to 80% of the area median income.
Amenities at the property will include an 8,000-square-foot clubhouse, fitness center, yoga studio, private study rooms and onsite leasing and management, as well as green space, dog parks, grilling stations and sport courts. The 18-acre site was acquired from a local development consortium. Construction on the project is underway and scheduled to be completed by summer 2020.
For comments, questions or concerns, please contact David Cohen