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The end of the Blue Line could be yet another hotbed of Boston construction, based on interest in what used to be one of the biggest greyhound racetracks in the region.
Newmark Knight Frank began marketing the 33.6-acre Wonderland Greyhound Park property a few weeks ago on behalf of ownership group CBW Lending, which includes New York-based Vornado. Interest has been swift for the property that can handle as much as 3.6M SF of development and is only 6 miles from downtown Boston, the Boston Globe reports.
The nearby Wonderland Blue Line station and the fact that the property sits in an opportunity zone are added bonuses to potential investors.
Revere Mayor Brian Arrigo has indicated he would like to see more office and labs built at Wonderland over housing. City officials have also pushed for an infill commuter rail station to be built there, akin to what New Balance did at Boston Landing.
Offers are due in mid-September, and a winner could be announced as early as October.
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