Banker & Tradesman | By Steve Adams
December 7, 2016
Stop & Shop Supermarket Co. is drawing up plans for a massive mixed-use development at its 11-acre property next to the Massachusetts Turnpike in Allston, including approximately 1,000 residential units.
The grocery chain owns four parcels covered with surface parking and a 101,775-square-foot strip mall anchored by its supermarket. A real estate executive for Stop & Shop parent Ahold USA has met with abutters to brief them on plans for approximately 1,000 units of housing, said Carol Ridge Martinez, executive director of the Allston Brighton Community Development Corp.
The developers also have met with Boston Planning and Development Agency staff prior to a formal submission, said Jonathan Greeley, director of development review for the BPDA.
“They’ve seen what a success the New Balance (Boston Landing) project has been halfway through their development, and they’re looking at that as inspiration,” Greeley said.
Along with housing, the development would include office space and additional retail, Greeley said.