Banker & Tradesman
November 14, 2016
A $1.2 million state infrastructure grant will advance prospects for a 348-unit apartment complex at the former Beacon Chevrolet dealership property in Lynn.
The MassWorks grant will pay for intersection and roadway work and installation of a water line to serve the project in the city’s North Harbor district. Baker administration officials announced the latest in a series of MassWorks grants this morning.
State and local officials have been trying to jumpstart development of vacant waterfront parcels in Lynn after rezoning more than 300 acres of coastal parcels in 2008 for nearly 6 million square feet of mixed-use development.