The Boston Globe | By Jennifer Fenn Lefferts
March 23, 2017
A Special Town Meeting of Framingham residents recently approved tax-increment financing agreements for two proposed transit-oriented developments for downtown Framingham.
The proposed development at 266 Waverly St. by Mill Creek Residential will create 270 new units of multifamily housing and invest $73 million in Framingham. The development at 75 Concord St. by Wood Partners will bring 197 units to the downtown, and $60 million in new investment to the neighborhood.
“We are so pleased to be working with developers of such high caliber, who are entering a promising but as-of-yet unproven transit-oriented market in downtown Framingham,” Arthur Robert, the town’s director of the Division of Community and Economic Development, said in a press release.