 (1).png)
News:
Owners Developers & Managers
Posted: February 4, 2022
Chace and Marsh of Mott & Chace Sotheby’s broker $6.595 million sale
South Kingstown, RI Mott & Chace Sotheby’s International Realty completed the sale of 527 Ministerial Rd. for $6.595 million. A country lake-front family compound located in Matunuck Hills, “Long Pond Farm” is set on 52 acres. The seller was represented by Judy Chace, broker & co-owner, and Erin Marsh, sales associate, both of Mott & Chace Sotheby’s International Realty. Becki Donnell of Berkshire Hathaway Home Services New England Properties represented the buyer.
According to data available from Rhode Island Statewide Multiple Listing Service, the sale of 527 Ministerial Rd. is the highest sale ever in town, selling for 70% higher than the previous record.
Chace and Marsh said, “Words cannot describe the enchanting feeling one has when arriving at Long Pond Farm. It has been an absolute pleasure to represent such a beautiful estate. We thank our client for trusting us with the sale of this extraordinary property.”
Originally built in 1929, the home has been renovated and meticulously restored. The property includes a 6,400 s/f colonial home, a one bedroom cabin with a fireplace, and the original six stall horse barn. The grounds are complete with riding trails, abundant gardens, and a private dock.
MORE FROM Owners Developers & Managers
Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel
Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
Quick Hits
 (1).png)
Columns and Thought Leadership
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul
Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
August Promotion
