New Housing and Lifestyle Developments in Boston Metro Area
- Jul 15, 2011
Everett city officials are evaluating four proposals to acquire or lease and redevelop the 3.9-acre site of a former high school. Though the city’s initial request didn’t specify how the property should be used, all four proposals include affordable, market-rate and senior housing projects elements and would retain the school building, according to The Boston Globe.
Submitting proposals were Capital Group of Peabody, Neighborhood of Affordable Housing of Boston, Women’s Institute for Housing and Economic Development of Boston and Dakota Partners of Waltham.
Built in 1924, the building was renovated in 1974 and 1975 and closed in 2007 when the school moved to a new building on Elm Street. The city council declared the site surplus three years later. The Boys and Girls Club of Middlesex County currently occupies part of the property, and groups are allowed to hold events at the field house.
According to Jill M. Barringer, assistant city solicitor and chief procurement officer, the price offered by the developers will be a factor in the selection, as city officials hope to generate income from the property. Barringer added that the larger goal is to bring a top-quality development to a key area of the city.
The Globe also reports that a partnership of WS Development Associates and National Development is moving foward with plans to build a lifestyle center in Lynnfield. The 400,000-square-foot MarketStreet Lynnfield will include a mix of restaurants, entertainment centers and shops. According to Ted Tye, managing partner of National Development, the plan calls for a town-center setting: an old-fashioned town green ringed by restaurants, retail and office space. The development, which is slated for a Spring 2012 construction start, will also include 180 residential units and 80,000 square feet of office space.