Homestake Capital has announced that construction is well underway on its brand new 23-unit townhome community in Southington, CT.
Posted on: 07-24-19
Southington, CT – The historic Connecticut town of Southington will soon welcome a newly-developed townhome community aimed at revitalizing a local housing market oversaturated with outdated inventory. Homestake Capital (“Homestake”), the developer of the project, is pleased to announce that construction is well underway at its newest community Eden & Main, with the first of three buildings being ready for occupancy by November.
“We have already accepted two contracts at Eden & Main, both of which will be closing in the fall,” said Michael J. Kokes, Managing Principal of Homestake. “With the average 30-year fixed rate falling below 4% in recent months, qualified townhome buyers are now eligible for mortgage payments as low as $852 per month in a market where rents can be as much as $1,400. For this reason, we believe Eden & Main offers interested prospects a tremendous opportunity to build equity in their futures by taking advantage of the value gap between renting and homeownership.”
Eden & Main homebuyers will also have the option of enhancing their homes with a wonderful selection of upgrades. “We expect the community will sell out quickly due to a confluence of factors, including location, affordability, tasteful finishes, and a premier customer service experience delivered by Lovley Development. Mark Lovley has developed a reputation for being one of Connecticut’s most respected homebuilders not just for his technical skillset as a project manager, but also because of his ability to seamlessly guide buyers through every step of the sales process. We are grateful to Mark and his team at Lovley Development for their consummate professionalism, attention to detail, and unwavering commitment toward meeting the needs of our buyers. They have played a critical role in the project’s early success and will continue to do so in the coming months,” Kokes said.
Situated in the heart of town near the intersection of Eden Avenue and Main Street, Eden & Main will offer unparalleled access and walkability to Southington’s restaurants, cafes, and retail venues. Located less than a mile from the beautiful Farmington Canal Heritage Trail, residents will also enjoy a short commute to the nearby employment hubs of Bristol and Hartford.
Pre-construction pricing from $229,900 is now available for a limited time only. Prospective buyers seeking to take advantage of this special are encouraged to call 860-302-5173, visit EdenandMainTownhomes.com or email info@EdenandMainTownhomes.com.
About Homestake Capital, LLC
Homestake Capital, LLC, a boutique real estate investment firm located in Monmouth County, New Jersey, is focused on providing direct investment and non-traditional lending to residential and commercial developers. Homestake further adds value by providing development and building experience to the sponsor or borrower. Homestake’s unique niche is providing capital for projects that are too big for one investor, but too “small” for a traditional institutional investor. To learn more, visit homestakecapital.com.