Medford to Seek Air Rights Development at Wellington Station By Steve Adams | Banker & Tradesman Staff | Jul 20, 2022 | Reprints | Print

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Medford to Seek Air Rights Development at Wellington Station

By Steve Adams | Banker & Tradesman Staff | Jul 20, 2022 | Reprints | Print

Medford Mayor Breanna Lungo-Koehn said the city has notified the MBTA about its plan to seek developers for the property along the Mystic River, near the Somerville and Everett lines. A request for information will be issued in late summer, with the goal of attracting a substantial mix of multifamily housing and commercial space.

“It could be almost a small city in itself. We definitely want to play a part in terms of [solving] the affordable housing crisis,” Lungo-Koehn said.

The property located about 3.5 miles from downtown Boston includes an Orange Line station, maintenance and storage facility and large parking lot.

At over 20 acres, the Wellington parcel could potentially support millions of square feet of development. The largest project currently under review in Boston, known as Dorchester Bay City, proposes 6.5 million square feet of development on 36 acres.     https://bankerandtradesman.com/medford-to-seek-air-rights-development-at-wellington-station/?fbclid=IwAR1joBzL-kz9Np7iV7tSUd_i5a00EJ7J4dbdJRmxqS6ZOci-XP-vyZP1suk