Sutton Land Could Get Second Life
An Auburn-based developer has purchased a parcel of land in Sutton that was once slated for a commercial plaza anchored by a Lowe's Home Improvement store.
Michael C. O'Brien, principal of Galaxy Development, purchased the nearly 40-acre plot on the northern side of Route 146 in Sutton on June 25 for $3.7 million from Millbury Federal Credit Union (MFCU), according to deed records. The credit union issued a nearly $3.7 million mortgage to O'Brien.
O'Brien said this morning that he hopes to build a commercial plaza anchored by a supermarket on the so-called Cold Spring Brook parcel, located at the corner of Boston Road and Route 146.
"That would be the ideal outcome for the property," O'Brien said. "We intend to start permitting over the next two to three months."
O'Brien said he is in discussions with a number of potential tenants, but he would not disclose them.
He is currently redeveloping the Cranston Print Works property in Webster, which will be anchored by a Price Chopper. He has worked with the supermarket chain at other sites in Massachusetts and Connecticut.
O'Brien thinks the location fits well with the various factors supermarkets look for in a location. And he said supermarkets are good anchors for other retail tenants.
"It would benefit us to have grocery-anchored shopping center because other retailers like to be there," he said.
A previous developer acquired approvals in 2008 to build a 155,000-square-foot home improvement store and an additional 92,000 square feet of retail and restaurant space. But the firm, Cold Spring Brook LLC, defaulted on its $3.2 million mortgage with MFCU in 2009, records show, and the project was never built.
Image source: freedigitialphotos.net
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