Thursday, February 1, 2007
A developer is backing away from a project to develop a 34-parcel along Interstate 495 once used as a sewer bed by the town.
Town council members were informed yesterday that the property, considered by some to be a prime spot for development, has been rejected by Woburn-based Maggiore Construction for a multi-year project including office, restaurant, hotel and condominium space.
Town Council member Philip Evans said the company found the property's topography unsuitable, perhaps too wet, for the extensive development that was proposed.
The council's economic development subcommittee was called to meet on the issue today. Maggiore had agreed to buy the property for more than $4 million. Two other companies made similar presentations to council members.
The town once sprayed raw sewage on the ground in the area, letting the water seep into the ground and hauling away any solid waste that remained.
-- Alison O'Leary Murray