T
he City of Medford has selected Transom Real Estate as the partner for its project to revitalize three city-owned lots in Medford Square. The development will combine mixed-use retail and residential spaces with ample parking options, catering to seniors and the Chevalier Theatre.

    Mayor Breanna Lungo-Koehn praised Transom's proposal, saying it aligns with the City's vision for Clippership Drive as a regional destination. She emphasized that this is just the starting point, and community input will be crucial in shaping the project's final form.

    Transom's proposal envisions a village square environment prioritizing pedestrian experience, featuring a 13,500 sq ft grocery store, market-rate and affordable housing, and ample parking options. The development aims to create a vibrant new community hub consistent with the City's Comprehensive Plan.

    City Council President Zac Bears expressed excitement about working with Transom to build on this proposal, citing its potential to transform Medford Square into a thriving destination. He highlighted the project's focus on housing production, affordable housing, economic development, and public space improvements.

    MassDevelopment provided technical assistance to help develop an RFP for the project, which was informed by previous planning efforts, including the 2019 Medford Square Redevelopment Plan and community engagement around the parcels' redevelopment. An Evaluation Committee reviewed bids, comprising key staff and stakeholders, including representatives from the Office of Planning, Economic Development, and Public Works.

    The proposed development offers several benefits to the City, including:

    * Estimated annual tax revenue: $1,150,000

    * One-time payment of fees: approximately $1,100,000

    * Improved commercial activity in Medford Square

    * Job growth: 325 construction jobs and 102 permanent jobs

    * Addition of 283 apartment homes, including 56 affordable units

    * A 13,500 SF urban grocery store and a local café

    * Parking garage with 273 stalls and 567 total parking spaces

    * Restoration of public parking in Lots A, B, and C

    * Prioritization of pedestrian-friendly crosswalks and improvements to visibility for drivers

    * Curated public art through a partnership with Beyond Walls

    * Resilient landscaping and strategic creation of open space