The Massachusetts Bay Transportation Authority (MBTA) board approved a new proposal for a large development project near the Riverside station in Newton, MA, the Boston Herald reported. The approval pushes forward construction of hundreds of new transit-accessible housing units.
“After a lot of discussion, a lot of work on both sides, we have arrived at this: The developer’s proposing two phases, with the first phase being residential only, primarily on their site, partly on our site,” said MBTA chief real estate officer Richard Henderson, presenting the development proposal at a board meeting recently. “About 545 units, 20 to 25% of which will be affordable.”
Phase one of the development, proposed by Mark Development, also includes 650 MBTA parking spaces. The scaled-back proposal allows the company the reserved right to build further development in the area. …