Woburn Mixed-Use Developer Pivots to All-Residential
The developers behind The Vale, a 107-acre mixed-use project in Woburn, now want to make it 100% residential, reported the Boston Business Journal. Originally planned to include research and development and manufacturing buildings totaling 900,000 square feet along with apartments, The Vale will add 504 more apartments, Leggat McCall Properties told Woburn town officials.
Leggat McCall EVP Rob Dickey told Woburn officials that the life sciences and research uses were envisioned in “a very different time,” before demand for these uses collapsed as soon as construction began on-spec. “The development industry got overzealous,” Dickey said. “We’re looking at a decade-plus of absorption before new construction’s justified.”
The Vale development is being built at a former Kraft Foods site that closed a decade ago. It includes the 223-unit The Delaney at The Vale senior living community that opened in 2024. Three other multifamily buildings have opened, and a cluster of 75 Highland at Vale townhomes.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout