.

Forest Park Overlay Receives Final Approval; Includes 350 Apartments

The final approval of the mixed use overlay opens the door for 350 apartments and 250,000 additional square feet of commercial space.

Final approval was given to the mixed use overlay district covering Forest Park by the City Council this week.

“We are very fortunate we have a very good working relationship with the city and that they understand our vision and support our vision," said Joseph Zink, President and Chief Executive Officer of Atlantic Management which owns and develops the property.

The vote opens the door to 350 apartment units, retail and hotel growth at the development that was formerly zoned only commercial and industrial.

“It allows us the flexibility to execute our full vision; to have that work, live and play environment on one campus," said Zink.

These will be part of a 110 acre multi-use campus on the former HP campus. The development will give the city $3 million in net tax revenue annually once it is fully built out, according to developers.

The build out will include 1.05 million square feet of total commercial space upon completion. But it is not this office space alone that has allowed the development to draw in big name businesses, such as Quest Diagnostics, said Zink, but the overall package.

“The biggest challenge you hear from top tier companies now is attracting top tier talent and keeping people happy," said Zink. "It was very important to quest, because they are moving from an environ that has live work play all around them."

You cannot replicate Cambridge, where Quest is moving from, but having all the amenities nearby if not directly on the campus makes it appealing to the companies, he said. It is something that is unique to the area, which has no retail space currently, and the 495 corridor, said Zink.

“You don’t see that concept really exist along 495," he said.

The council understood this, said Zink. At an Urban Affairs Committee meeting to discuss the project, numerous councilors voiced their support. At the Council Meeting Monday night, Councilor Matt Eldridge said that he did not support the project initially but is behind after understanding the concept.

The final step in the zoning change to the city ordinance is the signature of Mayor Arthur Vigeant.

Jeff December 19, 2012 at 12:28 PM
So between Forest Park and Brookview Village we may end up having almost 600 new apartment units on the West side of Marlborough. I'm sure that won't place too much burden on our school system and other public services...
Paul Gentile December 19, 2012 at 03:37 PM
Not nearly as much of a burden as the teacher's union does! My kids have had some of the best teachers in the city but not all are as lucky.
Damon Michaels December 19, 2012 at 04:47 PM
If you work for Samsung in Korea, they have big campuses where you live, work, eat, and shop right there. Do the employees like it? Not really according to the ones I spoke with. I expect crime issues to come up, extra demands on our fire and police, more road maintenance issues, and a huge problem for our schools.
Damon Michaels December 19, 2012 at 04:50 PM
The comment about no retail space indicates the guy is **clueless**. What does he call the Solomon Pond Mall? What about the RK Plaza? What about the Plazas in Northborough? What about Target? What about all the retail that is just East of the development? I also expect crappy (but legal and approved) construction methods, and no sprinklers in the attics.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »