23-Home Subdivision Planned for Newburyport

The Newburyport Daily News recently reported that a North Hampton developer will be building a 23-home subdivision in Newburyport, the largest building project since the beginning of the real estate slump.

Green & Company, the project developers, will construct on 43 acres of land off of Russell Terrance Extension which was recently purchased for $1.3 million. "Houses will be in the $475,000 range," said Michael Green, a co-owner of the company. "There will be nine or 10 different styles of houses and a significant amount of conservation land."

Construction is expected to begin soon after Labor Day, with homes expected to go on the market for roughly $475,000. The land being developed is one of the city’s largest privately owned parcels of land.

Read the entire Newburyport Daily News article.