Investment Overview

49 Snow Street is a level, cleared, 1.34 Acre site with a fully approved special permit for the construction of 156 apratments. The Fitchburg Intermodal Transportation Center - the hub for public transportation inside and outside of Fitchburg is steps away. From this location the MBTA Commuter Rail provides service between Fitchburg and Boston, running both express to Boston and local routes with stops including Waltham, Somerville, and Cambridge. It also provides bus service - with over 25 routes inside and outside of the city. The Fitchburg State University campus and its 7,000 students and faculty is also within close waking distance. The City of Fichburg is firmly behind the project. -156 Units, 161 Parking Spaces, 2 story garage, 5 story residential -88% of households rent in property area. Majority of housing stock in Fitchburg is old. High need for quality apartments -Diverse population in project area includes, students, faculty, young professionals, support staff, and families -Opportunity Zone, Designated Transformative Development Initiative (TDI) District by MassDevelopment -Fitchburg Housing Development Zone, Eligible for HDIP Credits and Tax Increment Exemption Agreement -Over $170 million in approved Fitchburg infrastructure projects completed or underway -Walkable, transit-oriented neighborhood with walkable downtown following the path of the Nashua River -Fitchburg is growing population, businesses, retail, and restaurants. Excellent recreational, cultural, and entertainment options -City has surplus water and sewer capacity