News: Retail

Project of the Month: Capital Group Properties to break ground on mixed-use, retail and residential development - Maynard Crossing

Maynard, MA Capital Group Properties is set to break ground on Maynard Crossing, a proposed mixed-use, retail and residential development at 129 Parker St. during the second half of this year. The commercial project will give the town a destination center for residents and visitors alike with much needed amenities of grocery, retail shops, restaurants, medical services, daycare, fitness, senior living and multifamily rental units.

The project is accessible to Rtes. 128 and 495 via Rte. 117 and Rtes. 2 and 20 via Rte. 27, and is approximately 2.5 miles south of the commuter rail stop in Acton.

Once home to Digital Equipment Corporation’s corporate facility, the 58-acre site has been looked at by the town since the early 2000’s for redevelopment. In 2012, Capital Group Properties came on board to the project to create a viable development plan in line with Maynard’s needs and objectives.

Upon completion, Maynard Crossing will include full-service and fast-casual restaurants, a 20,000 s/f health club, a community bank, hardware store, apparel stores, an urgent care medical center and a landmark Market 32 supermarket, which is a signature brand by Price Chopper, complete with a pharmacy, liquor store and a Starbucks. The project has a proposed 180-unit residential apartment component and a 143-unit independent senior living community.

Directly abutting Maynard High School, Fowler Middle School, and the Green Meadow Elementary School, Maynard Crossing is in an ideal location for families to utilize as it provides walkable pathways for travel to and from school grounds. Continuous sidewalks will host bus stop areas, trellis seating areas, water features with a pedestrian foot bridge and several other amenities. Surrounded by extensive trees and fresh landscaping, directional signs will be strategically positioned within the neighborhoods and retail components to ensure a walkable connectivity through the center and the community.

Capital Group Properties has had multiple meetings with the local Conservation Commission and state agencies to establish significant buffers and a barrier fence to protect the wetlands and local wildlife. The development will feature a turtle nesting habitat, as well.

Capital Group Properties is a full-service development firm which specializes in the permitting and construction of residential, commercial and retail properties throughout Mass.

Maynard Crossing is slated to begin opening for business in June 2018. Additional information can be found at http://capitalgroupproperties.com/retail/shoppes-maynard-crossing/.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary