News: Owners Developers & Managers

Montachusett Regional Transit Authority acquires 18.6 acre lot in Westminster Business Park

According to Westminster Business Park LLC, Montachusett Regional Transit Authority (MART) has acquired an 18.6-acre site in Westminster Business Park. MART is constructing a new commuter rail layover facility at the park that will support the planned extension of the Fitchburg commuter rail line. This project will reinstate passenger service in downtown Fitchburg with the new Wachusett Station within close proximity to Rte. 2 and 31 interchange. This ease of access to Rte. 2 is expected to encourage motorists to switch to transit, thereby decreasing greenhouse gas emissions associated with vehicular trips. The project involves construction of a new passenger station and appurtenant facilities, and requires the relocation of train staging functions, as well as upgrades to one of the two existing mainline tracks from the present terminus of the Fitchburg Line to the MBTA layover facility approximately 1.2 miles west of the proposed Wachusett Station in Westminster Business Park. MART will construct six new tracks for train storage and deployment. The close proximity and easy access to the layover facility will increase the line's efficiency. Westminster Business Park is a 250 acre industrial office park located at Depot Rd. and Rte. 2A. Its initial phase includes 1.6 million s/f of industrial space. It was recently designated by the Town of Westminster as a Chapter 43D site, which enables fast-tracking of permits and the availability of economic development grants.
MORE FROM Owners Developers & Managers

Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant