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Accordia Files LOI on 6M-SF Dorchester MXU
Accordia Partners plans to build a 5.9-million-square-foot mixed-use development at the Bayside Expo Center site and Santander Bank offices in Dorchester, the Boston Business Journal reported. The locally-based developer filed a letter of intent with the Boston Planning and Development Agency.
The University of Massachusetts Building Authority, which owns the 20-acre Bayside site, selected Accordia as the site’s master developer last year. The UMBA, Accordia and its capital partner Ares Management Corp. finalized a $235-million long-term ground lease last July.
“In filing our Letter of Intent for the Bayside site and an adjacent parcel, we are delighted to move forward with a proposal that will enhance the Columbia Point Peninsula, create a number of positive community benefits, fulfill several important University of Massachusetts goals and strive to achieve unparalleled levels of inclusion in jobs, housing, education and training,” Accordia’s Kirk Sykes and Dick Galvin said.
Pictured: Bayside Expo site.
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