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Boston Developer Chosen for Medford Mixed-Use
The City of Medford, MA selected Boston-based development company Transom Real Estate as a partner in the project to transform three undeveloped city-owned lots in Medford Square along Clippership Drive and Riverside Avenue. The redevelopment calls for a combination of mixed-use retail and residential with ample parking options.
Transom’s proposal calls for the project to create market-rate and affordable housing anchored with a 13,500-square-foot grocery store, all in the context of a village square environment. Further adjustments and improvements to the proposal and the negotiation of a final land lease agreement will occur over the next several months, and the final agreement will be presented to the City Council for consideration and approval.
“These lots present a unique opportunity to transform Clippership Drive into a legitimate destination for our region and the proposal Transom submitted fits so well with that vision,” said Medford Mayor Breanna Lungo-Koehn.
- ◦Development
- ◦Policy/Gov't
