Thursday, November 10, 2016

59 NORTH MAIN STREET 40B

Sherborn has received a copy of the application to MassHousing for a Project Eligibility Letter for a new 40B/Comprehensive Permit development at 59 North Main Street. This application has been anticipated for about 2 years. The property received a Section 4.4 Reduced Frontage special permit from the Planning Board in April of 2015 allowing it to be divided into three lots, of which one would have reduced frontage but double the minimum area requirement (plus increased setbacks and other restrictions).

After the special permit was granted, the property was sold in June of 2015 and the new owner made clear that he would be pursuing a 40B project. The previous owner had considered that and had concept plans prepared. The new owner is using that same concept plan.

The proposed project consists of 12 units of which 3 would be affordable. The affordable units have a preliminary price of $190,400 for 2150 square feet and 3 bedrooms. Eight of the 9 market rate units have 2 bedrooms. They range in price from $895,000 to $995,000 and in area from 2347 to 2677 square feet.

Once a Project Eligibility Letter is received, the developer can apply to the Zoning Board of Appeals for a Comprehensive Permit to construct the project.

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