Market Basket to anchor Maynard development
Photo | Grant Welker
Maynard Crossing will be anchored by a Market Basket, while work is closer to completion on apartments and a senior living complex.
A Market Basket grocery store will anchor the Maynard Crossing mixed-use development just south of the town center, giving the chain its latest location in Central Massachusetts.
Tewksbury-based Market Basket, a century-old family run business now in its third generation, plans to open in the first quarter of next year. The Maynard location would join others in Athol, Bellingham, Fitchburg, Hudson and Leominster, along with a planned location on Route 20 in Shrewsbury at the former Edgemere Drive-In.
Market Basket is well-known for its low prices and customer service. Its roughly 80 stores don't have self-checkout aisles, for example.
Market Basket's commitment to Maynard Crossing was announced Tuesday by Southborough developer Capital Group Properties and SRS Real Estate Partners.
The $130-million Maynard Crossing project is slated to include 306,000 square feet of retail, a 180-unit high-end apartment complex called The Vue at Maynard Crossing, and a 143-unit senior independent living community. The 70,000 square-foot Market Basket is expected to employ 250 workers.
Planet Fitness, 110 Grill, The Paper Store and Hola, a Mexican restaurant, are also slated to open there. Market32 was originally lined up to anchor the retail component of the development.
Maynard Crossing is being built on Parker Street on a site long home to offices for defunct tech company Digital Equipment Corp.
The Parker Street site, originally a farm, was turned into an industrial park in 1960s. DEC bought the site in the early 1970s, later adding two additional buildings, according to the Maynard Historical Society.
The company closed the Parker Street offices in 1998, and much of the two decades since have been spent by various parties trying to redevelop the 58-acre site.
Capital Group Properties didn't immediately get town backing. Town Meeting voters denied a zoning change in 2013, leaving the developer to instead propose affordable housing units and a big-box retailer, including a Walmart Supercenter – features residents did not want to see.
A required zoning change for the project was finally approved in 2016 after plans for the development were changed to include relatively smaller-scale retail and a senior-living component. Capital Group Properties agreed to pay $1 million to Maynard, help with road improvements and ban fast-food chains.
WBJ Web Partners
Most Recent
Most Recent
0 Comments