Search
 

Northwest Park Earns Growth District Designation

BURLINGTON, MA-The 285-acre mixed-use project gets a boost from Gov. Deval Patrick, as it readies for a 130,000-square-foot build-to-suit for Palomar.

By Ryan Clark | Updated on December 03, 2008

BURLINGTON, MA-Norwest Park–a 285-acre mixed-use development–has been designated by the state and Gov. Deval Patrick as one of the state’s 16 key Growth Districts. The Growth District moniker points to the state’s initiative to create jobs and economic development throughout the Bay State. The mixed-use project is being developed by the locally-based Nordblom Co.

“The Growth District designation provides a tremendous boost to Northwest Park as it puts [the] location on a list of pre-permitted, shovel-ready development sites within Massachusetts,” says Todd Fremont-Smith, SVP of development for Nordblom Co., in a statement.

The project is zoned for mixed-use, planned for office and retail, off the Middlesex Turnpike here. The development will transform an existing office park into a spacious community made-up of class A office/R&D, retail, restaurants, residential units, a boutique hotel and public green space. Fremont-Smith estimates a total cost roughly at $500 million, but adds that, “[Northwest Park] project is more than evolution, like most large projects anywhere, it’s going to get built-out over 10 to 15 years. So, we’re looking at this on a more incremental, evolutionary process.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.