> Local News > Holyoke > Mayor: Condo project adds to the city's housing inventory
Mayor: Condo project adds to the city's housing inventory
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Paul Sears and Dan Rodriguez of Sears Real Estate watch as Holyoke Mayor Michael Sullivan cuts a ribbon denoting the opening of their company's new condo development on U.S. Route 5. Reminder Publications photo by G. Michael Dobbs
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By G. Michael Dobbs
Managing Editor
HOLYOKE What was once a farm overlooking the Connecticut River on U.S. Route 5 will soon be the address for a new neighborhood of people thanks to a condo development by Springfield-based Sears Real Estate.
An open house of the model unit at the new Riverview Estates was conducted last week and Dan Rodriguez of Sears Real Estate said the first phase of 12 units will be completed this year and would be followed by another phase. The plan is to have the development completed in three stages with a total of 41 units.
Rodriguez said the development would not be age restricted and added, "There has never been a better time to buy a house."
"Interest rates are low and inventory is high," he explained.
Each unit features a two-car garage, two bedrooms, two and a half bathrooms and about 2,092 square feet. The units feature cathedral ceilings, an exterior balcony and a covered deck. The flooring ranges from maple hardwood to tite to wall-to-wall carpeting. The price of each unit is $365,000.
Mayor Michael Sullivan said the city needs this kind of housing in its portfolio as it has many units of affordable housing.
He believes the condos would attract "empty-nesters" and those people who want to live in a scenic area close to both Holyoke and Northampton.
Rodriguez would not say how much the company is investing in the project other than it was a "significant amount." Chicopee Savings Bank has provided financing.
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> Local News > Holyoke > Mayor: Condo project adds to the city's housing inventory
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