The Redevelopment Agency last week endorsed a plan for a 487-unit rental development at the former Wheatena property . The proposal is next expected to go before the Planning Board on Dec. 16 Nov. 25. (UPDATED, 11/21: The Nov. 25 Planning Board meeting has been canceled.)
Continue reading Brownstones set to go before Planning Board
The developer of a proposed four-building complex on the former Wheatena property on Elizabeth Avenue is seeking a Payment In Lieu Of Taxes (PILOT) to the city that would average about $1 million annually for 30 years.
Continue reading Council to consider PILOT for Meridia Brownstones
The developer behind a concept to build several hundred residential units at the former Wheatena site has discovered some issues in the title search but also estimates environmental cleanup costs could be more than originally expected.
In his report submitted to Redevelopment Agency ahead of their scheduled May meeting, Executive Director Peter Pelissier updated commissioners on the proposed Brownstones development targeted for the former Wheatena site at West Grand and Elizabeth avenues. Continue reading Proposal for Wheatena runs into ‘issues’
As negotiations over acquisition of the former Wheatena property slow down, the Redevelopment Agency is waiting but keeping its options — including condemnation — open.
The vision for the old Wheatena property on Elizabeth Avenue has gone through a number of iterations for more than a decade, from some 300 townhouses to 130 condominiums.
Continue reading Two developers in talks about Wheatena property
City officials were scheduled to meet last week with a developer interested in the former Wheatena site.
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City Administrator and Redevelopment Director Peter Pelissier told the Redevelopment Agency last week that he and Redevelopment Agency attorney Frank Regan were scheduled to meet with American Properties last Thursday. The company, which has several developments around the state, previously had expressed interest in the property, according to Pelissier.
Matzel & Mumford recently terminated a redevelopment agreement for the 8-acre parcel at the corner of Elizabeth and West Grand avenues, where it once had planned as many as 300 units before scaling back to 130 units and ultimately dropping the project.
Due to unfavorable market conditions, the developer of the former Wheatena site on Elizabeth Avenue issued a notice to terminate the redevelopment agreement.
