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Town Encourages Growth of 215-Acre Business Center

NEEDHAM, MA-In order to increase the density of its 215-acre business center here between the Charles River and Route 128, the town wants to change the zoning designation and establish a traffic mitigation fund that would make it easier to build an exit off the highway here.

By Naomi Grossman | Updated on December 26, 2001

NEEDHAM, MA-The town is looking to encourage and manage growth at its 215-acre business center here between the Charles River and Route 128. The area is home to the New England Business Center, the Highland Avenue Corridor and the Wexford Charles Street Industrial District.

The site comprises a mix of industrial, office and retail uses and yields 12% of all property tax revenue here. The town has requested a number of zoning changes that would allow for more density on the site. The proposed zoning would include three new districts–an office park, a commercial street, and a mixed-use center. The proposed zoning would establish a two-tiered system, with lower densities allowed by right and higher densities allowed by special permit. A town official tells GlobeSt.com that the town wants to allow for more density in the area. According to the town’s executive summary, the 2.5 million sf of potential new development space here could generate over five million dollars per year in new taxes.

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