Developer buys site of planned 174-unit complex in Ashland for $4.2M
Photo | Town of Ashland, Rendering: Icon Architecture, Boston
Rendering of planned development at 100 Chestnut St. in Ashland
Baystone Ashland, LLC, an affiliate of Baystone Development of Weston, purchased a property at 100 Chestnut St. in Ashland for $4.2 million. The property was approved in October by the Town of Ashland for a mixed-use development featuring 174 apartments, 10,500 square feet of retail space, and 357 parking spots.
Plans for the two-building development were originally submitted to the town in May 2021.
Baystone Development has built commercial and residential developments across Eastern Massachusetts and MetroWest, including three Framingham developments: The Buckely apartments; the 353-unit Danforth Green, portions of which were sold to Avalon Development of Arizona and Brendan Properties of Southborough after permitting; and the redevelopment of Framingham National Bank.
The sale of 100 Chestnut St. was executed on Monday, according to the Middlesex South Registry of Deeds. The sellers were Ashland Chestnut Realty, LLC of Milford and Bellingham Residential #2 Realty, LLC of Milford. Those corporations are registered to Richard Terrill of Milford and Howard Fafard of Ashland.
Baystone did not respond on Tuesday morning to a request for comment or with an estimate of when construction would begin.
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