Acquisition | Value Add | Entitlements
DEVELOPMENTSWe procure, grow and manage quality real estate curating value for our clients through strategic design-centric and market-based development.
The development group at HUS focuses on adding value to real estate assets through various vehicles including legal entitlements, rezoning, engineering, planning and construction and renovation. The HUS portfolio is comprised of raw land, subdivisions, condo developments, single family homes and multi family apartment buildings and they each possess their own set of fundamental goals and pathways for adding value. The team has worked on various rezoning projects in addition to mill reuse zoning, urban infill projects, affordable housing, historical renovation & tax credit, and by right builds. The development team relies on a team of consultants and professionals to aid in the above mentioned improvements and in forming a strategic plan for each asset, from acquisition through hold time to eventual disposition. The team is proficient in projects involving coastal features, historical involvement, traffic & airport review, geotechnical consideration, flood plain construction, and environmental requirements. The team will methodically review all options for a specific asset to attain the most fruitful outcome for the project while striving to respect the surrounding environment, architecture, demographic and historical significance of the area. In addition, the development team works with a knowledgeable base of local real estate brokers that assist with market analysis, consultation on projects and eventual sales of land, buildings or individual units.
The Residences at Limerock
Smithfield, RI – This project consists of 28 units on approximately 30 Acres of lush rolling hills with a small stream running through, creating a calming and beautiful backdrop for the residences. These duplex and stand-alone homes were approved through A Comprehensive Permit process allowing for additional affordable housing in the town. The project team worked with the neighboring airport, town officials and abbutters to ensure approval. The new private road has new utilities including sewer, water, gas and underground electric.
West River Estates
Smithfield, RI – The project was acquired in 2018 and through engineering, planning, and utility easements this site is now approved for 16 Residential units with 4 affordable homes. Planning for this development required meeting with abutting property owners at the local library to resolve any concerns and to work together on solutions. Landscape buffers were designed by a local Landscape Architect and low voltage lighting is planned to be used for privacy. Groundbreaking occurred in the spring of 2020.
The Anchorage
Warren, RI – This project is a wonderful example of urban infill in the downtown Warren business zone. The land was previously a parking lot for a decommissioned church and has sat vacant for decades. The project features 15 units with 25% affordable housing. The smart design features two bed & 3 bath units with ground floor parking and common space amenities for owners. The project occurs on two parcels within walking distance to the waterfront.
Robinwood Village
Onset, MA – This premier 8-acre waterfront property, located in the village of Onset, Wareham was the former home to friars of the Church Diocese and is in the process of being repurposed into a single family home. In addition, a new subdivision of ground-up luxury homes will boast access to a private beach, dock, and walking trails around the property. The development of this project requires knowledge of floodplain construction, approvals from various town boards, neighborhood associations, and MADEM and was acquired in 2020.
Wickford Schoolhouse
North Kingston, RI – In the charming fishing village of Wickford, sits the decommissioned elementary school, slated to undergo a major renovation and conversion to luxury residential condos. In addition to the schoolhouse, the historic nearby theatre renovation will connect unused and underutilized properties into one campus and bring them back to life with beautiful living space, water views, pool, indoor & outdoor amenities. Just walking distance from the historic village, this development will prove to revitalize this part of town with over 40 new, well amenitized, units.
979 Main St.
Walpole, MA – In downtown Walpole, this building was the former location of the Bank of America and is slated for urban revival and reuse. This project consists of a three-story overbuild atop the existing commercial space fitted with eight new residential units with amenities and exterior balcony spaces. The project requires structural modifications and additions and life safety and utility upgrades. The commercial space is a two-level location ready for office, retail, or a restaurant used to revitalize the downtown area in Walpole. This location is just a five-minute walk from the Commuter Rail to both Providence and Boston and various downtown amenities including restaurants, fitness centers, and shops.