The remaining building rights for Northwood at Sudbury, a senior living complex in Sudbury, are for sale.

The complex was originally approved for 66 units and an activities building. Two buildings containing 24 units have been constructed, sold and are occupied, while current and valid approvals are in place for the remaining 42 units.

The developer of the condos, Northwood Properties LLC, filed for bankruptcy after being embroiled in a lawsuit over development-related issues last year. The bankruptcy was converted to a Chapter 7 filing Jan. 23.

The company has retained KPMG CF Realty LLC, the real estate division of KPMG Corporate Finance LLC, to market and sell the remaining building rights.

A bid deadline of Aug. 5 has been set for receiving offers or letters of intent.

All units are presently designed to average 1,984 square feet and contain either one or two bedrooms and two baths.

"The purchaser of these rights will receive the building permits, and all town required approvals are in place," said Matthew Bordwin, managing director & group head, KPMG Corporate Finance LLC. "A bid deadline of Aug. 5 has been established. The trustee will review and accept the best bid for bankruptcy court approval."

Sudbury Senior Condo Rights For Sale

by Banker & Tradesman time to read: 1 min
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