Cushman & Wakefield’s Multi-Family Advisory Group is please to present the opportunity to acquire Charles House Commons located in the Unionville neighborhood of Farmington, Connecticut. Charles House Commons is a fully approved 267-unit ground-up multifamily development opportunity.
The property is envisioned to contain a mix of residential apartments and townhome condominium units. The project will contain 254 flats style apartment units, offering existing and future Unionville residents a much-needed alternative to traditional housing in the area while allowing the charms of Unionville’s village center to be truly appreciated. The apartment component of Charles House Commons will include studio units, one-bedroom units and two-bedroom units. They will all feature top-of-the- line finishes including granite counters, custom cabinetry, and high-end bathroom finishes.
The townhome condominiums, totaling 13 units, will range from one-bedroom, two-bedroom, and two-bedroom plus den unit layouts and feature top-of-the-line finishes as well. In addition to extensive neighborhood amenities in Unionville, the development amenities will include a fitness center, a clubhouse, bike storage, swimming pool, riverfront trail, and a kayak launch along the Farmington River.
Farmington, Connecticut has long been known as an idyllic suburb of Hartford and home of some of the area’s most well-known institutions. Unionville, a neighborhood on the western edge of Farmington, offering the intimacy of small-town life along with access to impressive outdoor recreational opportunities and nearby employment centers. Charles House commons presents investors will a rare opportunity to enter a strong market with excellent employment access and local amenities.
Process & Pricing
Charles House Commons is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.
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