Posted: 4/16/2021 1:55:39 PM
The Stone Barn on Outdated Street Street in Peterborough is for sale just after development stalled on a 32-device condomimium and farm “agrihood” complex, which was initially accepted in 2018 and acquired a a person-calendar year extension in Oct 2020.
“If another person wishes to do a enhancement there, time is considerably constrained,” operator Stan Fry stated. The 2019 repeal of TNOZ II zoning overlay precludes a upcoming re-acceptance of the identical condominium job on that web site, Town Planner Danica Melone explained, so time is of the essence. Design should start out right before the acceptance expires, she stated. The job is established to expire on Oct. 13 this year except the applicants file for another extension.
Fry puchased the creating with Brad Malt and Cy Gregg in 2014 when it was in dire have to have of structural get the job done to continue to keep it from collapsing. They managed to full the essential repairs, but are looking for a new developer to acquire up the condomimium project in advance of the clock operates out on the permit, by possibly partnering with them or shopping for the residence outright. “Construction is not our major business,” Fry said.
The accredited improvement, initially overseen by project chief Amelia Tracey, positioned 14 condominium models inside of the barn itself alongside with a cafe. Extra models ended up located in three new proposed structures and an addition off the back of the barn. The system also identified as for a few carports and operating farmland, managed by a dwell-in farmer. In early talks with the Organizing Board, the condo models had been anticipated to be in between 600 and 1,400 sq. toes and provide from $250,000 to $440,000, as beforehand noted. Venture costs wound up better than expected, Tracey wrote in an update in 2019. “We… ended up unwilling to cost all of the models at a amount entirely inaccessible to most households in the area. Therefore, we have begun the method of redesigning the financials of the challenge to provide a wide range of housing possibilities that operate for all earnings ranges,” she wrote. Tracey still left the job about a 12 months and a 50 % back, Fry mentioned. Homeowners have been performing with contractors and “have a far better handle” on the expense issues now, he mentioned.
The barn was created by Peterborough native Forrest Clayton Mercer for Benjamin Cheney and his household and manufactured in 1912 to household cattle and horses. It’s been much more than 50 percent a century considering that the barn served its primary goal. It modified palms a amount of instances in the past quite a few a long time, with aspirations this kind of as condominiums, a lodge, or a cafe likely unfulfilled, as reported in 2015, immediately after Fry and firm took up the lead to.
The 32-acre house is detailed for $2.2 million. There are currently multiple individuals fascinated, Fry reported.