Middlesex Savings Bank Leases Space at Maynard Crossing
Developer, Capital Group Properties has announced that Middlesex Savings Bank has leased space at their Maynard Crossing project. The bank will occupy a 4,000 square foot building with a dual-lane drive-thru. The branch is expected to open in spring 2021. Maynard Crossing is set to include 296,000 square feet of retail, entertainment, and medical space along with 180 luxury apartments and a 143 unit senior independent living facility.
Maynard Development Receives $32.5 Million in Financing
The Shoppes at Maynard Crossing has received $32.5 million in financing via East Boston Savings Bank.
The development is a 700,000 square foot grocery-anchored mixed-use project and will feature a brand new Market 32 by Price Chopper. The development will include 296,000 square feet of retail, entertainment and medical space. Maynard Crossing will also feature 180 luxury apartments and 143 unit senior independent living facility.
Ceremonial Groundbreaking Held for Market Basket Coming to Maynard Crossing
State and local government officials, business leaders and representatives of Capital Group Properties gathered today for a ceremonial groundbreaking for a new Market Basket Supermarket that will anchor the 730,000 square foot Maynard Crossing mixed-use development at 129 Parker Street in Maynard, Massachusetts. The new Market Basket is slated to open in the summer of 2020.
The store plans to hire 250 new associates, adding millions of dollars in net salaries to the area’s economy.
“We want to thank all who have been supportive of this redevelopment to help bring a new Market Basket to Maynard that will expand grocery offerings, value, and convenience for residents of the area,” said Bob Depietri, Capital Group Properties. “This project creates jobs and keeps residents’ shopping dollars in town.”
Depietri said the new 69,374 square foot store will offer a full-service Butcher Block featuring Certified Angus Beef; and Market’s Kitchen & Café, a prepared food department offering a large variety of freshly made meal solutions, sandwiches, subs, salads, brick oven pizza, and exclusive Niji sushi. This location will also provide cafe seating, with large screen TV’s, and complimentary Wi-Fi.
"The groundbreaking of Market Basket today establishes the anchor tenant that will draw more businesses to the Maynard Crossing, creating more jobs and stimulating Maynard's economy," said State Senator Jamie Eldridge (D-Acton). “This is a company that continues to hold true to its reputation of treating its employees well and providing outstanding customer service. I was proud to work with Rep. Kate Hogan to have secured a $4 million MassWorks grant for sewer infrastructure upgrades, that helped make this mixed-use development project a reality at 129 Parker Street."
The ceremony also included remarks by Market Basket President & CEO Arthur T. Demoulas, State Representative Kate Hogan, Chris DiSilva, Chairman of the Maynard Board of Selectmen and Sarah Cressy, President & CEO Assabet Valley Chamber of Commerce.
Market Basket’s “More for Your Dollar” reputation was recently recognized by Consumer Checkbook as the top New England Grocer for overall value and quality.
The new store is part of the redevelopment of the former Digital Equipment Corporation site, which features multiple restaurants, retail shops, fitness options, entertainment, and medical offices. The mixed-use center also includes residential opportunities with The Vue at Maynard Crossing, a 180-unit high-end apartment complex by LeCesse Development and Camellia Gardens Gracious Retirement Living, a 143-unit upscale senior independent living community by Hawthorn Senior Living.
Interior Finishing Nearly Complete for First Residential Building at Maynard Crossing
Interior finishing is wrapping up for the first residential building at The Vue at Maynard Crossing. The 180 unit project is expected to welcome first residents this summer. Amenities at Vue will include a co-working zone, fitness center, outdoor pool, wine lockers. Units range in size from 642 square feet one bedrooms through 1425 square foot 2 bedroom 2 bath units.
Maynard Crossing will be a mixed-use development to be anchored by Market Basket along with other retail, restaurant, and entertainment options. Along with The Vue, Maynard Crossing will also feature a 143 unit senior independent living facility. The Market Basket is slated to open in the first quarter of 2020.
Market Basket Supermarket Coming to Maynard Crossing
Capital Group Properties and SRS Real Estate Partners have announced that Market Basket Supermarket will be the anchor grocery store for the Maynard Crossing mixed-use project, slated to open in the first quarter of 2020. The project will also include The Vue at Maynard Crossing, a 180 unit high-end apartment complex developed by, LeCesse Development and a 143 unit upscale senior independent living community developed by Hawthorn Retirement Group.
Maynard Crossing will be a vibrant mixed-use, 306,000 square foot supermarket-anchored development featuring multiple restaurants, retail shops, fitness options, residential and senior living complexes, entertainment, and medical offices. The project is conveniently located at the intersection of Route 27 and Route 117 in Maynard and is easily accessible by Interstate 95, Interstate 495, Route 2 and Route 20.
Maynard Crossing will fill a major void in the market for a true neighborhood shopping center that will serve many towns surrounding Maynard, including Acton, Concord, Sudbury, Wayland, Weston, Marlborough, Stow, and Waltham.
Market Basket’s “More for Your Dollar” reputation was recently recognized by Consumer Checkbook as the top New England Grocer for overall value and quality. The new 70,000 sq. ft. store will include a full-service Butcher Block featuring Certified Angus Beef; and Market’s Kitchen & Café, a prepared food department offering a large variety of freshly made meal solutions, sandwiches, subs, salads, brick oven pizza and exclusive Niji sushi. This location will provide cafe seating, with large screen TV’s, and complimentary Wi-Fi. The store plans to hire 250 new associates.
The development will include outdoor amenities such as a walking path which will connect the project to Maynard High School, Fowler Middle School and Green Meadow Elementary School, as well as a water featured park and dog park open to the public.
“Capital Group Properties is taking an old Digital Equipment site that was previously used as an R&D and manufacturing facility and creating a community center that all can enjoy,” said Peter Montesanto, Principal at SRS Real Estate Partners. SRS is leading the retail leasing for the project.
In the coming weeks, Capital Group Properties and SRS will be announcing additional retailers that will be coming to Maynard Crossing.
Northborough Marketplace Mortgaged for $2.8 MillionSouthborough-based, Capital Group Properties, has mortgaged their asset at 318 Main St in Northborough, MA for $2.8 million.The property features a two-story 33,746 square-foot commercial building on a 7-acre lot of land. Constructed in 2007, the building is configured in an L-shaped plan providing maximum road frontage. Perfect for any Retail or Office tenants looking for great onsite amenities.
LeCesse Development Acquires Portion of Maynard CrossingFlorida-based LeCesse Development has acquired a parcel of land within the upcoming Maynard Crossing development from Capital Group Properties for $5.76 million. The acquired 8.26 acres of land is where LeCesse plans to construct 180 luxury apartments.