Yankee Candle founder's Massachusetts estate attracts buyer after two years on market

The Massachusetts estate of Yankee Candle founder Michael Kittredge II has been on the market since 2022. Initially listed for $23 million, it has seen no buyers for over two years and has now had its price reduced. The Kittredge family is now working with developer Josh Wallack to transform the estate into a senior living community. The project, named "Pioneer Point at Juggler Meadow," aims to provide affordable housing and will cost around $200 million. Wallack plans to incorporate the estate's amenities into the new community, addressing housing needs in Massachusetts. The redevelopment marks a significant shift from the estate's original luxury listing.