"When the ice cream warehouse burned down, it provided us with an opportunity to put something golden there," Paul Kanter, Milton's town engineer and planning director, tells GlobeSt.com. This area abuts Dorchester where many of the old mills have been converted into upscale condominiums. Planners in this town want more for their lower mills area.

The town is looking to develop a mixed-use project on this site with restaurants, shops, housing and perhaps a riverfront park. In addition to putting new life into the area, town planners also want to increase the tax revenue in the community. "The plan could triple the amount of taxes we get from this area," Kanter notes.

To that end, the town recently, and overwhelmingly, approved the town's first-ever mixed-use zoning, which applies to the two-and-a-half acre Hood property as well as to the adjacent three-acre former Humboldt Moving and Storage property. The new zoning laws require prospective developers to apply for a special permit from the town's planning board. If a developer agrees to add open space, additional parking or access to the waterfront in the plans, the number of housing units allowed will be increased.