8 Hrs
Source:
The Boston Globe
Market Basket builds housing in Chelsea
Market Basket's flagship store in Chelsea is exploring a development plan to add two apartment buildings and retail space on its 30-acre property, potentially creating 162 housing units and transforming the area into a residential-shopping district. The proposed masterplan follows recent zoning reforms by Chelsea to increase development density and ease affordable housing requirements, aiming to attract more residential projects amid rising interest rates and high construction costs. The initiative aims to leverage the property's location near transit and reduce the housing shortage, with local officials supportive of the development efforts.
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