NewburyportNews.com, Newburyport, MA

Local News

January 18, 2014

Prominent Port land sells for $1M

10.75-acre property eyed for development

NEWBURYPORT -— A commercial parcel at 251 Low St. that held the former Woodman Farmstand has been sold to developers for $1 million, according to county real-estate records.

The buyer of the 10.75 acre property was Low Street Redevelopment, LLC., based in Georgetown. The parcel is one of the largest undeveloped parcels in the city, located in a section of the city where new development plans have been active in recent years.

Sellers were Donna Millen and Kristen Millen, in trust for the Millen Family Trust, with a stated address of 79 Storey Ave.

The farmland property is valued at $346,300. The breakdown, according to real-estate records, is as follows: $197,100 in land and $149,200 in value for the building.

Much of Newburyport’s privately-owned land has been developed. The 50 or so acres of farmland owned by the Woodman family has come up on the market in recent years; It represents one of the last remaining large, privately-owned parcels of open land in Newburyport.

The property had been part of the Woodman farm, owned by Eleanor and Irving Woodman until 2000.

In recent years a farmstand had stood on the parcel, but merchants who follow the local economy said it did not thrive. It is located across the street from the shopping center that holds Kmart, Shaw’s Supermarket and other venues.

Real-estate operatives familiar with the sale say that the principals of the Low Street Redevelopment Corp. include Bernie Christopher, John Reppucci, Norino Mirra and Lou Minicucci. All are prominent local developers.

Christopher and Reppucci recently developed a large medical office building near the newly purchased parcel, close to the corner of Low Street and Storey Avenue. Minicucci, who owns the real estate firm Minco Corp., plans to develop 67 housing units on a 11-acre parcel next to the Newburyport commuter rail station.

The Woodman parcel also sits next to a 22-acre parcel that has been eyed for a 185-unit affordable housing complex. The city spent years fighting against the plan, but lost its case in 2011.

Text Only | Photo Reprints

Port Pics
AP Video
Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN Raw: Deadly Landslide Hits Indian Village Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways Raw: Thousands Flocking to German Crop Circle At Least 20 Chikungunya Cases in New Jersey Raw: Obama Eats Ribs in Kansas City In Virginia, the Rise of a New Space Coast Raw: Otters Enjoy Water Slides at Japan Zoo NCAA Settles Head-injury Suit, Will Change Rules Raw: Amphibious Landing Practice in Hawaii Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA
Special Features