Developer Looked at 40b for Riverside SiteBy: Chloe Gotsis on: Tue, Nov. 29, 2011 04:56 pm (7941 Reads)
Newton. November 29, 2011.
The three Ward 4 aldermen told the TAB that their decision to docket an item requesting the board establish a business zone at Riverside for a mixed-use development was motivated by the developer’s interest in bringing a 500 to 600-unit Chapter 40B affordable housing project to the site.
Aldermen Lenny Gentile, Amy Sangiolo and Jay Harney told the TAB that they think a mixed-use development would be a better fit for the site and would generate more revenue for the city.