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Tue, May 28
A Compendium of Property & Capital News
May 28

Developers Secure $5.5 Million for 22 Taunton Townhomes Near Future Commuter Station

April 30, 2024
44 Dean Street, Taunton MA

Taunton — Hyperion Holdings, LLC and Innovative Investment Corp. have secured $5.5 million in financing from Rockland Trust for Taunton’s newest townhome development. Dean’s Crossing will include 22 townhomes, conveniently located right off Route 44. The development is a short walk to the upcoming South Coast Rail phase two Commuter Rail station.ds

“Across the state, there is increasing demand for housing opportunities, especially in areas near commuter rail stations,” said Brendan Mota, Vice President, Commercial Loan Officer at Rockland Trust. “I’m grateful for the relationship we’ve built with the borrowers. Dean’s Crossing is a thoughtful solution for addressing the need for additional housing in a constrained market.”

Construction began earlier this year, the six-unit building is expected to be finished in September, with the larger 16-unit building to be completed in 2025. Each unit has approximately 2,000 SF of living space on three levels with three bedrooms, two and a half baths, and a single-car garage along with off-street parking. Dean’s Crossing is located at 44 Dean Street in Taunton, MA, close to Taunton High School, Morton Hospital, and the Taunton branch of the Old Colony YMCA.