"We're very excited to be able to work on this project," KaneCo. broker Jody Skaff tells GlobeSt.com in announcing theappointment. "We expect it is going to be a complete success."Preliminary interest is one reason for Skaff's confidence, as wellas the undeniably golden location, which overlooks a traffic circlewhere Interstate 95, Route One and the Spaulding Turnpike converge,yielding a collective daily traffic count of 100,000 vehiclesfeeding directly into the circle and a similar amount driving onancillary roads. The activity balloons during the summer monthsfrom tourists heading to Maine, with the border to that vacationhotspot barely one mile away.


"It has superb access and visibility," acknowledges Skaff, whois handling the leasing assignment with colleague Vanessa Rozier.Other areas bordering the traffic circle have previously beendeveloped into such uses as a state liquor store, multiple motelsand restaurants. Although the marketing campaign is just nowgetting into full swing, Skaff says one national restaurant chainhas already signed a letter of intent to build on the largest padsite, and reports that the remainder are generating multiplebids.


Owned by a local auto dealer, the site has been the home of theMeadowbrook Inn for 30 years. The motel would be demolished infavor of the Staybridge Suites and the retail, including one blockof 21,000-sf of in-line space where the Meadowbrook presently sits.The in-line portion is sub-dividable, says Skaff, who anticipateswidespread interest for that space as well.


Efforts to contact officials at Meadowbrook Inn Corp. wereunsuccessful, but Skaff says the goal is to begin site preparationby winter, followed by a fast-track construction in order to openby next autumn. Although final planning board approval is stillweeks away, the biggest hurdle came in winning the environmentalpermit. Some have expressed concern about the project's proximityto an adjacent waterway that inspired the Meadowbrook name, butcity officials concluded a mitigation plan provided by siteengineers from VHB will be adequate. "We're very close," Skaff saysof getting final approval.

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