Everett, once an industrial hub in Greater Boston, is seeing an economic revival in its downtown area, but the large-scale developments planned along its waterfront have faced a series of setbacks this year. In the Commercial Triangle, a 93-acre downtown district that Everett rezoned for mixed-use development, a string of major projects has moved forward from Greystar and other real estate firms that is adding hundreds of new multifamily units and retail. City leaders say this surge of development is turning the once-quiet industrial area into a thriving commercial district, but a similar resurgence along the city’s waterfront could take many more years to materialize. "When people see this critical mass of people moving into the city of Everett, they're going to see that a lot more development is needed," Everett Planning & Development Department Director Matt Lattanzi said.
While Everett’s waterfront area welcomed the Encore Boston Harbor in 2019 and the casino has recorded strong revenue growth, the remaining major development sites along the river still sit vacant, without any cranes in the sky.Big-name companies like The Davis Cos. and Read the full story here. |