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Market Street On Track For 2012 Construction

Ted Tye of National Development updated selectmen on project at this week's meeting.

The long-awaited Market Street at Lynnfield project is expected to begin phase 1 construction in 2012, with an eye on having the major tenants in place by the beginning of the 2013 school year.

At Monday night's selectmen's meeting, Ted Tye of National Development was on hand to provide town officials with an update on the project.

In recent weeks, workers have been removing asbestos, disconnecting utilities and addressing other environmental issues on three old buildings on the former Colonial property - the conference center, club house and maintenance building. With much of this work now complete, Tye indicated that the buildings could start coming down as soon as next week.

Other matters in progress at this point include re-routing utilities to the adjoining Boston Sports Club to accommodate the coming construction work, and there are also still some negotiations underway regarding the LIFE portion of the project.

Tye also displayed a couple of large graphics showing the layout of the coming project. (See photos)

Regarding the businesses that will be coming to Lynnfield, Tye said that "our leasing is incredibly strong," but, for competitive reasons, declined to name any additional Market Street tenants. "We have a terrific group of tenants that are committing to this project," he told the selectmen.

Earlier this year, the company announced three tenants - Whole Foods, Legal C Bar, which is affiliated with Legal Sea Foods, and King's, which is a family entertainment/arcade type of business. Many of the phase 1 tenants are expected to open around the same time.

Phase 1 consists of nine individual buildings, mostly single-story, which will be constructed three at a time with a goal of opening in the fall of 2013. Phase 1 construction will see the development of residential space as well as retail and office space. Tye also indicated that the time between construction phases should be relatively short.

"It's a very nice mix of food, fashion, convenience and some fun," said Tye. "It's very consistent with the sort of tenants we've always talked about here."

Tye also reported that the project is expected to generate more than 500 construction jobs, as well as around 2,000 full and part time jobs upon completion. Town residents can also expect about 3,500 square feet of community space on the second floor of one of the new buildings.

"We're making a great deal of progress and we are very focused on a construction start in 2012," said Tye.

William Laforme December 21, 2011 at 12:33 AM
It seems like pretty basic PR stuff they did really, but I'm surprised they would see fit to just let it sit online like that.
Robbi M January 21, 2012 at 05:25 PM
The builders say they want a town center area, something where people will come and stay. If this becomes one more iteration of the endlessly boring chain shops that dot every mall in the US, it will not do that. Please no more Gap/JCrew/Ann Taylor etc etc What makes a town center interesting is rarely on the minds of such developers, for example museums, art galleries, antique stores, unique home goods or boutiques, non-chain book and music stores, bistros, sometimes water front or nearby lakes, but never, never chains! Downtown Salem for example has many of these plus some quite good restaurants, and people do hang out there.
Elizabeth Shrewsbury May 26, 2012 at 06:11 PM
A drive thru starbucks would be great!!!!
Paul Mozell June 05, 2012 at 10:01 PM
I agree. There is nothing redeeming about the project. Luxury malls are failing everywhere, i.e. Newton and Natick. Town centers are not built; they evolve over time. The loss of open space and wildlife habitat will be significant as well as the traffic, light, air, and noise pollution. Massachusetts loses 22 acres of open space every day.
Daniel Iknaian November 07, 2012 at 03:06 PM
im seriously excited for thi project, WS development is actually trying to get small business into this town center.

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