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Dorchester View & Dorchester Woods
Hanover, MD 21076

Acquired

12/28/2006

Location

The Dorchester View and Dorchester Woods land parcels are located along the fast growing Baltimore-Washington Corridor, which continues to be space constrained, with limited entitled land available for residential or commercial development. These highly accessible sites are at the intersection of Route 100 and I-295 (the Baltimore-Washington Parkway), adjacent to a 900 unit-residential development, five minutes from the Arundel Mills Mall and commuter rail station, and only 10 minutes from BWI airport.

Description

Dorchester Woods totals 25 acres and is currently planned as a medium-density, 87-unit townhome community serving the residential demand along the B-W Corridor. The Dorchester View land parcel, totaling 18 acres, is currently in the planning stages with projections for additional medium-density residential development. These parcels are owned in a joint venture with Seneca Properties, a Bethesda, MD-based real estate investment firm.

Investment Rationale

Well situated land parcels in a fast growing corridor and adjacent to very successful residential development, demonstrating strong demand for residential product in the region
Opportunity to take advantage of local job growth due to Base Realignment and Closure Act (BRAC)
Experienced local partner

Fund Ownership

VII

Map

For more information regarding properties for sale, please email us at sales@newbostonfund.com or call 1.866.DIAL.NBF