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I searched and theres no Braintree thread yet.
Want to live at Greater Boston’s biggest mall? This might be your chance.
A 495-unit apartment building has been proposed at South Shore Plaza, the latest in a wave of housing developments planned at shopping malls that are trying to reinvent themselves.
ZOM Living has proposed two five-story residential buildings on nearly nine acres at the South Shore Plaza in Braintree.HCM DESIGNS INC.
Multifamily housing developer ZOM Living has proposed 315 apartments and 180 senior housing units on parking lots at the South Shore Plaza in Braintree. HCM DESIGNS INC.
Greater Boston has a housing shortage. And malls need more foot traffic. Now a housing developer wants to put a big apartment building next to the region’s largest mall.
National apartment developer ZOM Living has proposed a 495-unit apartment and senior living development on parking lots and wooded residential property at the rear of the South Shore Plaza, a $150 million development that, if approved, would be Braintree’s largest housing development in decades. The proposal follows a pitch last summer to create lab space at the former Lord & Taylor department store.
The projects are examples of how regional malls across the US are being reimagined following the boom of e-commerce — and how their owners are looking to maximize the potential of properties that still perform well.
Putting apartments next to malls or retail properties is a commonplace development strategy, said retail analyst Floris van Dijkum of Compass Point Research and Trading. The strategy gives apartment dwellers access to amenities, and stores a stream of close-by customers. Simon Property Group, the nation’s largest mall owner, has incorporated residential development into its properties for years. Meanwhile, malls around Massachusetts — including in Woburn, Watertown, and Hanover — have been redeveloped in recent years with housing in mind…
https://www.bostonglobe.com/2023/01/05/business/want-live-greater-bostons-biggest-mall/
Want to live at Greater Boston’s biggest mall? This might be your chance.
A 495-unit apartment building has been proposed at South Shore Plaza, the latest in a wave of housing developments planned at shopping malls that are trying to reinvent themselves.
ZOM Living has proposed two five-story residential buildings on nearly nine acres at the South Shore Plaza in Braintree.HCM DESIGNS INC.
Multifamily housing developer ZOM Living has proposed 315 apartments and 180 senior housing units on parking lots at the South Shore Plaza in Braintree. HCM DESIGNS INC.
Greater Boston has a housing shortage. And malls need more foot traffic. Now a housing developer wants to put a big apartment building next to the region’s largest mall.
National apartment developer ZOM Living has proposed a 495-unit apartment and senior living development on parking lots and wooded residential property at the rear of the South Shore Plaza, a $150 million development that, if approved, would be Braintree’s largest housing development in decades. The proposal follows a pitch last summer to create lab space at the former Lord & Taylor department store.
The projects are examples of how regional malls across the US are being reimagined following the boom of e-commerce — and how their owners are looking to maximize the potential of properties that still perform well.
Putting apartments next to malls or retail properties is a commonplace development strategy, said retail analyst Floris van Dijkum of Compass Point Research and Trading. The strategy gives apartment dwellers access to amenities, and stores a stream of close-by customers. Simon Property Group, the nation’s largest mall owner, has incorporated residential development into its properties for years. Meanwhile, malls around Massachusetts — including in Woburn, Watertown, and Hanover — have been redeveloped in recent years with housing in mind…
https://www.bostonglobe.com/2023/01/05/business/want-live-greater-bostons-biggest-mall/