The residential component of the Edgemere Crossing at Flint Pond development in Shrewsbury, which will be anchored by an 80,000-square-foot Market Basket grocery store, is expected to deliver the first of its 250 units by June 2022, with final completion by January 2023.
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A rendering of the housing portion of the Edgemere Crossing at Flint Pond We are excited to be moving our first residents in next year,” said Andrew Dolben, executive vice president of The Dolben Co., Inc. of Woburn, which is building the housing development.
The bank Rockland Trust gave the updated timeline in an announcement on Thursday, saying the bank led the $53-million financing package to The Dolben Co. to build the housing at the former Edgemere Drive-In movie theater on Route 20. The development will include 116 one-bedroom units and 134 two-bedroom units, and 25 of those will be affordable housing.
The grocery store chain Market Basket has paid $3.1 million for a portion of the planned Route 20 development in Shrewsbury where it will build its latest Central Massachusetts store.
The Tewksbury-based chain is unusual in retail for buying and owning many of its more than 80 store locations in Massachusetts, Maine and New Hampshire. In the case of its store that will anchor a new development at the former Edgemere Drive-In, Market Basket will own about 18 acres of the Edgemere Crossing at Flint Pond site, enough to include its own store, a proposed bank and pharmacy, and another nearly 23,000-square-foot retail space.
A site spanning more than 10 acres that s sat undeveloped on Route 20 in Shrewsbury while a housing development has been planned there for years has sold for $2 million to a Boston development firm.
The site at 440 Hartford Turnpike has been proposed as part of a 248-unit development known as The Pointe at Hills Farm in what s largely an industrial stretch of town. The project first went before town officials for permitting approval in 2015.
Plans call for four three-story buildings to include 39 units each, centered around a small park and a 9,300-square-foot common clubhouse. A separate portion a few parcels to the north would include more buildings and green space in a second phase.