According to Marc Resnick, Foxborough's town planner, the plan involves 300 units of housing, "several" retail sites and office space. But Resnick points out that the plan is flexible and allows for a developer's input.
The site is currently owned by the state's Division of Capital Asset Management, which will be putting out a request for proposal to developers to acquire and develop the site after plans are finalized. There will be no asking price in the RFP but the winning developer will have to apply for a zoning change as the site is currently zoned for single-family homes.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.