Windsor Mystic River
Update
05/27/16
Mixed-use building proposed at former Medford Shaw's site
Banker and Tradesman reports that developer Equity One has filed plans to construct a
490 unit housing development on a 6.8 acre parcel located in Medford at 61 Locust
Street near Medford Square and Wellington Station. The proposed project would consist
of three new apartment buildings totaling approximately 562,508 square feet. 10% of
residential units would be designated affordable.
The project would also include both a 3,000 square foot retail space that would be occupied by Eastern Bank and approximately 16,000 square feet of amenities and flex space. Two existing buildings, a 60,468 square foot commercial building formerly home to a Shaw’s Supermarket vacant since 2014 and an Eastern Bank outbuilding, would be demolished.
Official review of the project’s site plan will begin this month. No proposed timeframe for the project has been reported at this time. Equity One acquired the parcel in 2004 for $19.9 million.
