https://homenewshere.com/middlesex_east/article_603d6443-ef64-42b0-a707-e957a460f06b.htmlThe residential portion of the original plan to the south is largely complete, including the senior living community, townhomes, and apartments. All in that's about 420 units I believe. I don't know what the breakdown is for the 500 that are being proposed now. I recall the Woburn fire department had some issues due to access originally. The only way to get in and out of the overall development (the residential already built and the undeveloped portion) is a single road at the Montvale/93 intersection. But I agree commercial vs residential tax base would cause Woburn to push back some.
My reading of this is that the breakdown is 100% 55+.
At the outset of this year, representatives from Boston real-estate developer Leggat McCall ... approached the City Council to ask permission to swap out a planned 1 million square foot life sciences campus with an age-restricted condominium development containing 504 dwelling units.
Officials from PulteGroup, which would market the home ownership units strictly to persons over age 55
and on the tax revenue side:
Officials ... say the redevelopment would generate $2.6 million in net new tax revenues
For example, former City Council President and Ward 3 Councilor Jeffrey Dillon has argued that rather than pushing for a commercial redevelopment in the middle of a market downturn, Leggat McCall and PulteGroup have teamed up to pitch a reasonable alternative that will reduce traffic impacts and still bring in a comparable amount of new tax revenues.
So it doesn't look like this would be a big step down from the life sciences dev in terms of revenue, but leaving the site vacant for a decade definitely would be...