RESIDENTS HAVE ACCESS TO PARK AT RIVER'S EDGE
The Park at River’s Edge, developed by Preotle, Lane & Associates, the Master Developer of the River’s Edge Project, is now open to the public from 7:00 a.m. to 5:00 p.m. Monday through Friday. Public parking is available at the northeast corner of the Citizens Bank lot just south of the Park at the Wellington Business Center.
During this stage of Park and Project construction the open section of the Park borders the Malden River and includes majestic views of the river and bordering wetlands currently being visited by many species of migratory birds. An all-purpose path, stabilized aggregate Park Paths, granite seat walls and numerous benches enhance the Park experience. This section also includes the Tufts University Boat House and late afternoon visitors can often watch Tufts and high school crew teams on the river.
The Park recently received an Honor Design Award from the Boston Society of Landscape Architects. Shadley Associates, which has also designed many other projects in Malden, is the Landscape Architect for the Park. For additional information on the Park click here.
River’s Edge was conceived as a regional economic development project by the cities of Everett, Malden and Medford.
PATRICK-MURRAY ADMINISTRATION AWARDS $540,000 FOR LAND ACQUISITION
IN RIVER’S EDGE GROWTH DISTRICT
Funding Key to Regional Revitalization along the Malden River
In late Fall 2009, Lieutenant Governor Timothy P. Murray joined state and local officials today to announce the creation of the Patrick-Murray Administration’s Growth Districts Initiative (GDI) known as the River’s Edge. This announcement provides $540,000 in grant funding for land acquisition in the area to help move the project forward.
“Growth Districts are hubs of economic growth and housing development across the Commonwealth,” said Lieutenant Governor Timothy P. Murray. “By identifying these districts and focusing our collective resources on making each one development ready, we are creating the conditions for business growth and regional vitalization for years to come. I congratulate Medford, Malden and Everett for recognizing what they could accomplish by working together to promote economic development in their communities.”
Marriott International recently signed a lease for 32,000 square feet of office space at 200 River’s Edge Drive. The company expects this office will bring over 100 workers new to the area. Marriott was attracted to River’s Edge by the environmentally friendly building, its access to public transportation and the elegant riverfront park.
River’s Edge is an inner-suburban, master-planned, development in Medford, Malden and Everett. Phase I of the mixed-use development consists of 30 acres and when complete will include 222 residential rental units, three contemporary office buildings with an aggregate of 410,000 square feet and an elegant 10-acre riverfront park which houses the Tufts University Boat House. Completed to date are the award-winning riverfront Park, the Tufts Boat House, and 200 River’s Edge Drive, an 115,000 square foot, four-story office building, which has been LEED pre-certified at the gold level—one of the highest levels in international green building certification. The apartments being developed by Criterion Development Partners are available for lease and occupancy with final completion scheduled for early 2010. Two additional office buildings aggregating approximately 300,000 square feet are planned.
"During very tough economic times, these awards show the commitment of the Patrick Administration to the economic revitalization of the Cities of Medford, Malden & Everett. We are grateful for their efforts to help move us forward,” said Mayor Michael J. McGlynn of Medford.
“I’m truly thankful to the Patrick-Murray Administration for their commitment to economic development in our area,” said Everett Mayor Carlo DeMaria. “I’m looking forward to continuing our discussion on the next phase of development here in Everett; I’d also like to offer my congratulations to Mr. Preotle, of Preotle, Lane & Associates for his commitment to the River’s Edge Project, and the Mystic Valley Development Commission.”
“My congratulations to John Preotle of Preotle, Lane & Associates for bringing forth a first class office and residential development with great sensitivity to the River’s Edge environment,” said Malden Mayor Richard C. Howard. “I would also like to thank the Commonwealth of Massachusetts for its continued partnership with the Mystic Valley Development Commission.”
Growth Districts allow the Patrick-Murray Administration to partner with municipalities that have identified one or more areas for significant commercial, residential or mixed-use growth. The transportation bond bill signed by Governor Deval Patrick in April 2008 included a $50 million grant program to assist communities with commercial and residential transportation and infrastructure development, improvements and capital investment projects in identified Growth Districts.
By identifying designated Growth Districts, the Executive Office of Housing and Economic Development (EOHED) will focus resources to ensure that each district is truly “development ready.” The initiative offers a focused approach to work with each community ensuring that all required permits are secured, site preparation is completed, infrastructure improvements are identified and marketing resources are made available. Each district will be put on a fast track for groundbreaking.