Developer set to buy 95-acre tank farm site near Encore casino in Everett
Combined with the impending sale of riverfront power plant, this deal promises to reshape industrial corridor.
https://www.bostonglobe.com/2022/06/02/business/big-deal-everett-developer-set-buy-95-acre-tank-farm-site-with-plans-build-new-there/ Boston developer The Davis Companies has reached an agreement to buy a roughly 100-acre tank farm in Everett from ExxonMobil, positioning one of the largest available development sites near Boston for a sprawling mixed-use project.
Meanwhile, power plant owner Constellation has agreed to put a 45-acre portion of its nearby Mystic Generating Station up for sale.
Taken together, the two properties could bring about massive changes to this industrial area on Boston’s northern doorstep, an evolution that kicked off with Wynn Resorts’ decision to build a casino and luxury hotel on the site of an old chemical factory overlooking the Mystic River. Wynn has more in the works, including a nearly 1,000-seat events venue and restaurant alongside a parking garage across Broadway from the Encore Boston Harbor casino complex. Meanwhile, The Kraft Group has been rumored to be in the mix for this area, known as the Lower Broadway Economic Development District, as part of the search for a home for the New England Revolution soccer team.
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