Medford is all set to a big housing project with elaborate retail development. With more houses and more shops there will be more jobs and more customers for our car services in Medford, Ma.
Govt has found a good location and approved its sale to a property developer – Combined Properties. Combined properties has won the bid for this land in Mystic Avenue for a whooping 6 million USD. This previously belonged to Massachusetts Department of Transportation and is an area of 1.67 acres.
The project aims at building 500 residential units along with 53,000 square foot of commercial (retail,restaurant and entertainment) hub. It is supposed to create about 1600 temporary jobs, mostly construction related and about 200 permanent jobs once the project is complete.
City of Medford will receive 1.3 Million USD worth revenue in taxes annually post establishment. “We are proud to announce the winning bidder in the sale of this prime piece of real estate within the City of Medford and to continue leveraging our existing state assets to support local economic growth and development,” said Governor Charlie Baker in a release.
More retail and more residents mean more possibilities of taxi cab requirement and we welcome this development with open arms. If you are a Medford Ma resident and looking for airport taxi to Boston or town car in Medford Ma please contact us or make an online reservation.