FRAMINGHAM – The owner of the almost-empty Nobscot Shopping Plaza will present a plan to re-develop the plaza with a mix of rental properties and shops in January, Framingham Town Manager Bob Halpin announced at last night’s Selectmen meeting.
The proposal would include a “freestanding CVS retail store,” one of the stores still currrently operating at the plaza on Water Street in the Nobscot neighborhood in Framingham.
Plaza owner Andy Rose will present a proposal that has “8,000 square feet of shops and 165 units of “multi-family residential rental” properies,” said Halpin.
The latest proposal, according to Halpin, is “very responsive” to feedback from residents of the Nobscot neighborhood, said Halpin last night.
The meeting with the neighborhood is scheduled for January 11 at 7 p.m. at Heritage Assisted Living. The owner of the plaza is expected to attend and present his re-development plan.
“I would describe this as a very important meeting in our ongoing efforts to redevelop the shopping center,” said Halpin, who said for a “considerable period of time” the owners, himself, and a “informal working group of residents in the neighborhood” have been meeting to “vet and refine” the re-development proposals by the owner.
“This process has resulted in much refinement of the owner’s proposal to redevelop the shopping center on terms that would allow him to agree to a termination of his lease of the shopping center to Shaw’s Supermarkets,” said Halpin.
The plaza is located next to the new Christa McAuliffe branch library on Water Street, across from the Nobscot fire station. The shopping plaza has been mostly empty for years, ever since Star Market closed. Shaw’s Supermarkets, which now owns Star Market’s branch, holds a long-term, multi-decade lease on the plaza.
Halpin said it is now time to put the owner in front of the community and have him present his re-development plan.
The owner “has a lease with Shaw’s,” said Halpin, but this proposal might encourage a “termination” of that lease.