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House lots and large developable forested parcels available for sale in 30 towns including near major highways and proximate to UMass, Amherst;
Real estate development in progress at The Mill District – The Five College area’s growing Eats/Arts/Entertainment Destination (20ac)
Manage leased residential and commercial properties
Natural Resource Opportunities

Wind tower, cell tower, and solar sites; Broadband sites; Sand and Gravel commercially sold; Goshen stone; spring water, amethysts, APR, CR …

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Three Distinct Amherst Opportunities�for Real Estate Investment

Locations available for several 3.5 story apartment buildings with 200+ total units in The Mill District, a mile North of UMass

2. 150 acres around the Cherry Hill Golf Course

3. 150 acres in Cushman Village, North Amherst

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There’s strong demand for more shops, services, and housing.

The Mill District is located a mile north of UMass - where most of Amherst’s population lives - 84% are in rental housing

There are 9,000 households, yet grossly insufficient dining, shopping, and entertainment options.

THE MILL DISTRICT

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North Amherst is already where people go to have fun!

• Cherry Hill Golf Course

• Miles of Recreation Trails

• Puffers Pond

• Mill River Pool, Courts and Fields

• North Amherst is a vibrant college student destination : Blarney Blowout, Hobart Hoedown

Folks need more places to eat, shop and play appropriately after they recreate and on their commutes to and from work.

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Due Diligence Completed

The Mill District is Site-Ready

• On town water and sewer - plenty of capacity

• Zoned Commercial! Allowing businesses on all floors and residential on 40% and above the first.

• 21E completed and passed

• Resource areas delineated

• Fire flow tests completed

• Traffic counts done

• Commercial building sites now available

• Over 60,000sf existing COM space available for lease

• 3 tenants in place – Atkins on the way!

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Seeking Tenants and Developers for

Dynamic and Compelling Venues:

• Mixed use building developments

• Restaurants

•Music venues

•Fine food and wine stores

•Drug store

•Retail

•Non-profits

•Entertainment venues

•Breweries

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60,000sf of Space Available

• The Trolley Barn – 4,000sf left - Now hosting restaurant and salon

• The Cow Palace – Atkins Market coming July 2015!

• The Sawmill – 14,400sf

• The Onion Barn – 4,000sf

• The Hobart Barn – 4,000sf

• Mill Houses zoned Commercial – ready for business!

–149 Sunderland Road

–24 Cowls Road

–32 Cowls Road

–56 Cowls Road

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The Sawmill - 55 Cowls Road – 14,400sf

2 story potential. Perfect brew pub, music venue, or health club! Being looked at by several dynamic entertainment-oriented businesses.

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20 acres of building sites to choose from

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Are you a visionary?!

• Half mile north of UMass (20,000!)

•25,000 vehicles/day within a one block radius

•9,000 renters live here

•On town water and sewer

•Site ready for development

•Lots of free parking

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Opportunity #2 �150 Acres around a Golf Course ½ mile north of The Mill District

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Potential build-out of golf course site

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Overlooking the golf course greens, UMass, the Holyoke Range and the Berkshires�

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Opportunity #3:�150 acres, on town water and sewer, with significant due dilligence completed, at Salamander Crossing in North Amherst

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Landmark Properties spent 18 months doing due diligence and development planning you can use

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Three Ideally Buildable Areas

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In the 22 months Landmark pursued its 127 lot, 175 unit, 641 bed student resort community, it undertook several hundreds of thousands of dollars-worth of site due diligence, now the property of WD Cowls and the future buyer/developer.

Traffic, wetland, species, boring hole, and many other studies were conducted and extensive site engineering has been completed by SVE in Greenfield.

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For our two 150 acre parcels, we are seeking community enhancing uses�with land conservation values

Ideally we’d like to see Senior Alumni Resort Communities that attract 5 college alumni to return and relive the best years of their lives; retired area professors; and college/university employees.

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Demand is high for Senior Housing in Amherst & near the 5 Colleges

Not enough supply according to recent survey
Lathrop concluded 85 units in Amherst was goal in 2008, none has been built since
Finding a place to age in place is goal for current area residents
Alumni, mostly who live within 1.5 hours of Amherst, are looking for same and will move to find it.

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“Umass is famous for low alumni giving levels and must change this situation��“Integrating alumni into the campus, whether that involves physical presence or a feeling of belonging to the UMass Amherst family, will be one of my chief goals in my first years as chancellor.”�

- Incoming Chancellor Holub�Umass Alumni Magazine, Summer 2008

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Improved UMass alumni giving �is a goal the Amherst community

When the University succeeds

the regional community benefits:

For every $1 UMass gets,

the community benefits $12

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Target Market

Over a hundred thousand UMass alumni are baby boomers who are looking for stimulating intellectual, social, and volunteer opportunities in their retirement.

According to USA Today and InvestmentNews 62% plan to relocate when they retire.

Amherst already has significant unmet demand for attractive retirement options.

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Imagine a place that enables Alumni

to take classes at UMass

and the 4 colleges;

mentor today’s students;

volunteer on campus

and in the community;

attend campus events;

and cement their ties with UMass.

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Imagine 150 units of independent living in a resort-like environment. With an adjacent 100 unit assisted living facility that could provide maid service and meals upon request, and where elderly residents or spouses could transfer when the time was right.

This is what we’d like to see

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University-affiliated retirement housing is a proven success
Washington & Lee University, VA
UNC Ashville, NC
Lasell College, MA
Cornell University, NY
Ithica College, NY
Oberlin College, OH
Dennison College, OH
Georgia Tech, GA
Stanford University, CA
Dartmouth College, NH
Texas A&M, TX
Penn State, PA
UC Davis, CA
University of Florida, Gainsville
Florida State University, Talassee
Duke University
University of Michigan
Eckerd College, FL
University of Nortre Dame, IN

Over 50 colleges and universities in total!
UMass Dartmouth is considering, Hampshire College is in planning stage.

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UMass would like to

Actively partner in the development of project
Promote the opportunity for alumni to retire at UMass
Have an on site Dean of Senior Programs
Identify UMass alumni or supporter developer with whom to partner
Collect participation fees and development dollars

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The Alumni Village would benefit the town by:

improving Amherst’s tax base;
adding community values like volunteers and consumers;
generating a boon to the local economy through using subcontractors and locally sourced materials

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Growing the Pioneer Valley�Since 1741

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Over the past 275 years, on the site of The Mill District (aka Cowls’ Home Farm) Cowls has produced, packaged, and distributed onions, tobacco, and dairy products. From here Cowls built and ran a rock quarry; constructed and housed a street railway system; created dozens of residential and commercial subdivisions; ran two stationary sawmills; operated a building supply store; and managed diverse residential and commercial properties and thousands of acres of timberland.

In 1741 Jonathan Cowls began acquiring and sustainably managing company farmland and timberland that today consists of over 100 sustainably forested parcels in 30 towns in Hampshire and Franklin Counties. Today, the largest private landowner in the state, Cowls is managing later generations of the same forests that Jonathan Cowls harvested over 270 years ago. That, along with numerous awards, is proof of sustainable management.

In 2012, Cowls created the largest contiguous private conservation project in Massachusetts history. The 5.4 square mile, 3,486 acre Paul C. Jones Working Forest in the towns of Leverett and Shutesbury MA stands as a legacy to our 8th generation leader and our commitment to sustainable forestry.

In addition to buying timber, Cowls occasionally sells land and house lots to leverage other business opportunities. Cowls sells sand and gravel; leases tower and solar sites; has an inventory of available water and mineral resources; and has available building sites on major highways and parcels around special sites like lakes, golf courses, and proximate to town centers.

Cowls Building Supply, the company’s retail store, features a kitchen and bath design center; window and door showroom; flooring department; Benjamin Moore Paint department; drive through warehouse; and covered lumber racks. Cowls Building Supply boasts everything a big box store might have, plus long term knowledgeable sales people.

www.cowls.com

W. D. Cowls, Inc., Land Company

PO Box 9677, 134 Montague Road, North Amherst, MA 01059

www.cowls.com | www.NorthAmherstMA.com

Cinda Jones, President cjones@cowls.com

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