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New Balance could get mixed-use competition in Allston.
Stop & Shop Supermarket Co. and New England Development have released details on Allston Yards, a proposed 10.6-acre, mixed-use development next to Boston Landing. The current Stop & Shop on Everett Street would give way to 1,050 units of housing, 300K SF of offices and a flagship grocery store for the chain, the Boston Herald reports.
The develop partnership expects the four-building project to be constructed in phases over several years, beginning with the new grocery store, 360 units of housing and ground-floor retail.
“We are excited at the opportunity to provide area residents with a new, state-of-the-art grocery store in a dynamic mixed-use environment,” Stop & Shop President Mark McGowan told the Herald.
Maryland-based The Bozzuto Group and Southside Investment Partners are project partners on the proposal.
Allston/Brighton is rapidly emerging as a new tech and life science hub in Greater Boston. Harvard is underway with development nearby and already operates several incubators in the neighborhood. NB Development’s Boston Landing, next door to Stop & Shop, signed a wave of tech and life science tenants in 2017, including Mass Innovation Labs and Bose.
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