X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SHREWSBURY, MA-A special town meeting will be held next week to decide the fate of the Allen Farm, a 60-acre parcel located between Routes 9 and 20. The Allen family, who owns the farm, has an offer to buy the parcel for $6 million but because the site has an agricultural designation, the town has first rights of refusal on the property. Should the town exercise its option, it would be required to pay the same purchase price that the family was offered.

AvalonBay Communities wants to develop a 300-unit residential complex on the site. According to Michael Hale, assistant town manager, AvalonBay would build the project with a comprehensive permit, which, under the state’s affordable hosing law, would enable them to bypass local zoning laws if the project has at least 25% affordable housing and the town does not have 10% affordable housing.

But Hale emphasizes that while town officials would like to see the town acquire the property, it does not want to keep affordable housing projects out. “AvalonBay can build an affordable housing project in another site,” he tells GlobeSt.com. “We want to use the site for its intended use, which is commercial/industrial.” Hale points out that the site is “one of the best commercial/industrial sites left in town.” It is currently zoned for industrial use but if the town does purchase it, Hale says it intends to change the zoning to office/research use. “It’s sandwiched between two highways,” he notes. “It’s best suited for that type of use.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS SPRING 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.