Boston Developer Chosen for Medford Mixed-Use

Boston Developer Chosen for Medford Mixed-Use
News| May 12, 2025| Paul Bubny
Boston & New England + Apartment Buildings

The City of Medford, MA selected Boston-based development company Transom Real Estate as a partner in the project to transform three undeveloped city-owned lots in Medford Square along Clippership Drive and Riverside Avenue. The redevelopment calls for a combination of mixed-use retail and residential with ample parking options.

Transom’s proposal calls for the project to create market-rate and affordable housing anchored with a 13,500-square-foot grocery store, all in the context of a village square environment. Further adjustments and improvements to the proposal and the negotiation of a final land lease agreement will occur over the next several months, and the final agreement will be presented to the City Council for consideration and approval.

“These lots present a unique opportunity to transform Clippership Drive into a legitimate destination for our region and the proposal Transom submitted fits so well with that vision,” said Medford Mayor Breanna Lungo-Koehn.

Other News

Lincoln, McCourt Launch 344-Unit Culver City Mixed-Use

California & West + Apartment Buildings

Lincoln Property Company and McCourt Partners have broken ground for ElevenOneEleven, a new mixed-use development in Culver City. The groundbreaking occurred three weeks after Lincoln and McCourt announced $133 million in construction financing from Bank OZK. Set to rise on a vacant parcel, ElevenOneEleven will deliver 344 rental apartments, including 52 affordable units, along with 2,000 square...

Learn more

Logisco Launches $60M Quebec Rental Project With New Brand

Canada + Apartment Buildings

Logisco is stripping back the amenity race with a $60M Quebec City apartment development aimed at renters who would rather pay less each month than fund pools, gyms and other extras. The developer has started construction on 193 apartments at 7075 Wilfrid-Hamel Blvd., the first project under its new Elie rental brand. The 10-storey building...

Learn more

Virtus Buys Hamilton Retirement Residence For $26M

Canada + Senior Housing

Virtus Diversified REIT has purchased a 91-suite retirement residence in Hamilton for $26M, expanding its seniors housing portfolio. The acquisition of Abington Court Retirement Residence at 1500 Main St. E. closed Nov. 3. The independent living property opened in 2005 and added 20 suites in a 2018 expansion. Located west of the Red Hill Valley...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up