467 Tunxis Hill Road
467 Tunxis Hill Road is a shovel-ready, fully entitled 46-unit multifamily development in Fairfield, CT, offering a high-value investment profile secured by vested §8-30g rights and settled litigation.
Renderings
Click to See More Images
Plans
Click to See More Images
Investment Overview
Asset Type
46-Unit Ground-Up Multifamily Development
Location
467 Tunxis Hill Road – Fairfield, Connecticut
Site Area
0.57 acres
Total Building Area
44,665 sq ft (Total Residential SF)
Zoning
Approved under CT §8-30g
Investment Structure
Investor & Lender Offering Memorandum
Projected Hold
Not Specified
Sponsor
New England Coastal
Development Program
Residential Component
The project includes 46 total residential units, featuring a mix of market-rate and deed-restricted affordable housing.
- 32 Market-Rate Units
- 12 Affordable 1BR / 1BA Units
- 2 Affordable 2BR / 1BA Units
Parking & Accessibility
The residential program includes 46 thoughtfully designed units aligned with strong regional rental demand.
- 24 tenant storage lockers
- EV-ready charging infrastructure
- 54 total garage spaces (20 on Level 1, 36 on Level 2)
- 5 minutes to Fairfield Metro-North train station and a public transportation bus line
Entitlements & Approvals
Completed & Secured
- Full §8-30g approval granted with vested rights.
- Project grandfathered and exempt from Fairfield’s active 4-year development moratorium.
- Prior neighborhood appeal fully settled with no remaining claims or pending litigation risk.
- Architectural plans approved for parking levels, floor plans, and exterior elevations.
- Civil engineering drawings approved.
- Traffic study and landscaping plans fully approved.
Remaining Approvals
- Shovel-ready status allows a buyer to proceed directly to construction financing and permitting.
Market Fundamentals
- Persistent housing undersupply in Fairfield County driven by restrictive zoning.
- Fairfield’s active development moratorium limits all new competing supply.
- High NYC-commuter rental demand anchored by 5-minute access to Metro-North.
- The 30.4% affordable set-aside may qualify the project for favorable agency financing and programs.
- Located in a mid-market neighborhood with proven renter demand and low vacancy dynamics.
/ SPONSORS
The Vision Behind New England Coastal
Meet the principals driving Fairfield County’s residential evolution through disciplined acquisition and hands-on execution.
Brian Barbosa
Partner, Acquisitions & Operations
Brian Barbosa is an accomplished real estate investor, entrepreneur, and operator with more than a decade of experience in acquisitions, development, and portfolio management across Connecticut and the broader New England region. He has executed numerous value-driven transactions, structured complex financing strategies, and cultivated strong relationships with lenders, investors, and municipalities.In 2015, he co-founded Glenstone, a vertically integrated real estate brokerage, management, construction, and lending firm serving investors across Connecticut. Brian has purchased and sold more than $50 million in real estate, managed over 500 properties, and closed 350+ transactions. At New England Coastal, he leads acquisitions, financial analysis, and portfolio operations.
Read More
Christopher DiPreta
Partner, Acquisitions & Management
Christopher DiPreta is a seasoned real estate investor, developer, and asset management professional with a strong track record in ground-up development, value-add repositioning, and portfolio management across the United States. Over his career, he has been involved in more than 400 real estate transactions across multifamily, mixed-use, commercial, and specialized development projects.He currently oversees a portfolio exceeding $50 million in assets through Glenstone Real Estate, DW Equity Partners, and DiPreta Properties. At The Union mixed-use development, Christopher leads acquisitions, capital structuring, and project management, ensuring disciplined execution, strong asset performance, and alignment with investor and community objectives.
Read More
Jack Moses
Partner, Construction & Development
Jack directs construction and development execution from pre-construction planning through stabilization, ensuring strong cost control, scheduling, and quality across New England Coastal projects. His hands-on leadership guarantees each development meets high standards and is positioned for long-term operational success.He is the founder and principal of Moses Custom Builders, a construction and development firm in Fairfield County, Connecticut. Since beginning his career in 2016, Jack has built a reputation for craftsmanship and reliability, leading ground-up builds, major renovations, and multi-million-dollar residential and commercial projects.
Read More
Begin Your Partnership
Ready to explore our current offerings or discuss a custom investment strategy?
Join our network of accredited investors and gain early access to Fairfield County's most exclusive development projects. Our team is available for a one-on-one consultation to align our opportunities with your financial goals.
Join our network of accredited investors and gain early access to Fairfield County's most exclusive development projects. Our team is available for a one-on-one consultation to align our opportunities with your financial goals.
Contact
Building Connecticut’s future through disciplined, institutional-grade development.