5th St Portfolio

Reno purchased this 5 acre parcel back in early 2023. After being on the market for many years Reno was able to negotiate a non contingent offer that allowed the seller to move on quickly from the property and gave us some flexibility when deciding on the best use for the property. After meeting with the town administration it was decided that a 40B multi family project would benifet the town. In early 2024 the Reno team presented to the select board 40 multi family units with a 25% of those units being designated affordable. At that meeting the board voted to approve the LIP application, more commonly know as a "Friendly 40B", and the project is now at the state level as of August 2024. The building will provide a suburban alternative to renters looking to get out of city living. Set in the single family dominant East Dracut, the building was designed with numerous roof lines and siding color changes to mimic a row of town homes rather than a large multi family property. Surrounded by a woods and providing Garage and surface parking. The project will provide a rare opportunity for Urban renters to enjoy a suburban setting.

After a two and a half year approval process, Reno has now fully entitled the raw land. One Hudson is due to start construction late in 2024 and will consist of 65 market rate units, a well appointed lounge and coworking space, an expansive outdoor patio area, and upscale finishes. Nestled into the suburban town of Pelham, Nh and surrounded by 30 acres of woodlands, One Hudson provides a rare serene setting for a multi family development. Large balconies, best in class average square footage, and mature finishes give all units a sense of Home. With close proximity to major routes, The Tuscan Village, Downtown Nashua, and Downtown Lowell, MA One Hudson provides a quite setting with many entertainment options just a short drive away.

The Varnum School was originally built in 1857. After operating as a school for over 250 years it was converted into 21 apartments in in 2015. Reno purchased the property in 2018 and gained city approvals to construct 9 additional units. 6 of the units were constructed in the former auditorium of the school located on the top floor which posed some construction difficulties with the ceiling heights reaching 25ft tall and two fully occupied floors below. The 2nd phase of construction was to construct 3 units in what was the old boys and girls locker rooms. The improvements were completed in early 2020 and remains under Reno ownership and management providing residents with unmatched character and history.