Boston Developments

Newton Green Lights 1M Sq. Ft. Transit-Oriented Development

Newton Green Lights 1M Sq. Ft. Transit-Oriented Development

This week, the Newton City Council unanimously approved a 13-acre, 1 million-square-foot mixed-use development that will be situated next to Newton's MBTA Riverside station at the end of the Green Line's D branch.

The project, dubbed Riverside Newton, would comprise nearly 600 apartment residences and more than 250,000 square-feet of office space following its construction in the next 5-10 years.

Developers Mark Development expect to begin construction in 2022.

“This location, largely isolated from surrounding properties, yet at a nexus of transportation infrastructure, makes the site ideal for the sort of development that will allow the City of Newton to meet its clearly-stated planning goals of smart growth, transit-oriented development, walkability, housing attainability, and increased commercial tax base,” Mark Development remarked on its website.

Its site borders the Charles River Greenway and is flanked by open space, as well as the Woodland Golf Club and a highway interchange.

In addition to its apartments and office space, the Riverside project will feature a hotel, nearly 40,000 square feet of ground-floor commercial space and a parking garage.

While City Council approval is a significant hurdle for this development's progression, it does not guarantee that the project will move forward. Last year, a civic group fought to block the 23-acre Newton Northland mixed-use project, which includes 800 residential units and 180,000 square-feet of office space. Newton voters would later approve the project via a ballot.

“As a result of this collaborative effort, the city will gain much needed new housing, including a significant number of affordable units, and commercial space,” Mark Development Founder Robert Korff said in a statement. “Equally importantly, it transforms an unattractive parking lot into a new neighborhood that contributes to the vitality of the City we all call home.”

 

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