LENOX, Mass. — Tucker Associates has announced its decision to join William Pitt Sotheby's International Realty.
Founded in 1957, Tucker Associates has been a long-standing presence in the Berkshire real estate community, recognized for its focus on personalized service and knowledge of the local market. Through its alignment with William Pitt Sotheby's International Realty, Tucker Associates now has access to a global network, advanced marketing tools, and an extensive referral system.
"This partnership represents an exciting new chapter for Tucker Associates," said Matthew Jarck, Owner of Tucker Associates. "For over six decades, we have been committed to serving our clients with integrity and expertise. Joining forces with William Pitt Sotheby's International Realty allows us to elevate our services while staying true to the values that have defined us since 1957."
Stephanie McNair, Regional Brokerage Manager for William Pitt Sotheby's International Realty, shared her enthusiasm: "We are thrilled to welcome Tucker Associates into our family. Their legacy of excellence and commitment to their clients aligns perfectly with our mission. This union will strengthen our presence in the Berkshires and provide unmatched resources to clients seeking to buy or sell homes in this beautiful region."
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Pennrose Breaks Ground in Lenox, Bringing 68 Units of Affordable Housing
Staff Reports
LENOX, Mass. — Pennrose announced the groundbreaking of 238 Pittsfield Road, a 68-unit affordable rental community.
The development will bring much-needed affordable, family-friendly housing options to the area.
The community will consist of 10 residential buildings offering a mix of 23 one-bedroom, 38 two-bedroom, and seven three-bedroom apartments. Of the 68 total homes, 57 will be affordable for households earning from 30 percent of the Area Median Income (AMI) up to 80 percent AMI, with the remaining 11 units available at market rate rents.
A community building at the entrance of the development will offer resident-focused amenities, including event space and a fitness center, along with on-site offices for Pennrose management and resident services staff.
"238 Pittsfield Road builds on the progress that the Town of Lenox has made in addressing the region's pressing needs for affordable, family-sized rental housing," said Karmen Cheung, Regional Vice President at Pennrose. "This partnership with the Town of Lenox continues to deliver communities that give families of all sizes a place to call home. Together with Forge, these two communities reflect our long-term commitment to meeting the diverse housing needs of Berkshire families."
Currently only 7 percent of Lenox's housing stock is deed-restricted affordable, falling short of the 10 percent goal established by the Commonwealth of Massachusetts. Additionally, approximately 90 percent of the town's existing affordable housing is limited to seniors, and market-rate rental options remain sparse.
238 Pittsfield Road is located a mile down the road from Forge, a mixed-income community that celebrated its grand opening in August. Together, the two sister developments will add a total of 133 new affordable units to the town.
The project continues Pennrose's collaboration with the Town of Lenox and is guided by the goals of the Town's 2017 Housing Production Plan, 2021 Master Plan, and 2002 Gateway Redevelopment Plan.
The project is financed via federal 4 percent tax credit and state tax credit allocations from the Commonwealth's Executive Office of Housing and Livable Communities (EOHLC), with the National Equity Fund as the syndicator and Rockland Trust and US Bank as the investors. Rockland also provided construction debt, and the Massachusetts Housing Partnership (MHP) provided both permanent debt and Workforce Housing Funds. MassDevelopment is the bond issuer, and EOHLC provided additional soft sources and operating subsidy. Finally, the Town of Lenox provided local Affordable Housing Trust and Community Preservation Act funds, as well as funds through the Commonwealth's HousingWorks Infrastructure Program (HWIP).
Haynes Construction is serving as general contractor and The Architectural Team as architect for the development.
Construction is underway and is expected to be completed in early 2028.
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