The Newburyport Times reports that plans to develop land along the Merrimack River in Newburyport, Massachusetts, are moving forward again after a hiatus brought about by the weak economy.
According to the article, the 8-acre parcel of land known as “Waterfront West”, which extends from the Rt. 1 Bridge east to the Black Cow restaurant, has been rezoned for mixed-use development, including hotel and retail operations, although it’s unclear exactly what will be built on the property.
Owner Ann Lagasse told reporters that the land, which is currently home to the Windward Yacht Club, Seacoast Marine and the popular Michael’s Harborside restaurant, would maintain its current “feel”, but would not include boat-storage facilities.
Here’s an excerpt from the article:
As the bleak economy starts to brighten and a resolution nears on long-debated flood maps, representatives of developer Stephen Karp’s Newburyport Development are optimistic that stalled waterfront plans are about to move forward again.
Ann Lagasse, the retail leasing director for Karp’s local entity, said yesterday the company was told an appeal filed on new flood maps will be resolved by the end of the month.
The maps and the weak economy have been the 2 most recent roadblocks for the development of Waterfront West, Lagasse told attendees at the North of Boston Convention and Visitors Bureau Annual Tourism Conference in Peabody.
To read more:
The Newburyport Times: Daily News
More about Newburyport:
BoatingLocal: Focus on Newburyport
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