Gibson Sotheby’s International Realty Lists 250,000 SF Development in Tufts University Neighborhood
“MEDFORD, MA —
Gibson Sotheby’s International Realty announced the offering of a 1.3-acre transit-oriented parcel located on Boston Avenue in Medford as an advantageous opportunity for
R&D,
life science and
biotech developers.
Located ½ mile from the Tufts University campus, Tufts Corner is a 250,000 square-foot Class A project with by-right entitlements, offering premier access to both I-95 and I-93 freeways and proximity to many restaurants and retail services in Boston, Cambridge, Medford and Somerville.
Located along the MBTA Green Line Extension, the site qualifies as a “high-frequency transit location.”
“The City of Medford is very much committed to seeing a commercial development on the Boston Avenue site, specifically for life science and biotech,” added Alicia Hunt, Director of Planning, Development & Sustainability for the City of Medford. “The City Staff and City Council worked collaboratively to rezone the district to allow for density required by modern lab development. We are excited to welcome new investment to Medford.”
“The Medford Chamber of Commerce is excited by the prospect of a development being constructed in the O-2 district on Boston Avenue and the resulting economic benefits that would be realized by the Medford business and residential communities,” said Maury Carroll, President of the Medford Chamber of Commerce….”
https://bostonrealestatetimes.com/g...development-in-tufts-university-neighborhood/