Eight development firms submitted proposals that adhere to Medford’s vision for a transit-oriented, mixed-use district above the MBTA’s Wellington station.
The developers were responding to a Request for Information issued by the City of Medford, seeking ways to transform the 28 acres of city-controlled air rights above the MBTA-owned land, according to Mayor Breanna Lungo-Koehn.
The proposals included multi-family housing, hotels, commercial offices, entertainment, ground-floor retail, public parking, and open space amenities, such as bike and pedestrian connections.
“The city had been sitting on these air rights for decades and had not realized the potential the area had for creating a transformative environment for significant commercial and residential growth,” Lungo-Koehn said in a Friday statement.
“We have an opportunity here to make a substantial investment in transit-oriented housing and mixed-use development, which can make the Wellington area a destination for new businesses, families and workers.”
The site over which the air rights exist is currently a mix of commuter parking, the Wellington station and rail operations facilities.
The MBTA has publicly shared plans for a future electric bus maintenance facility on a portion of the site currently used for commuter parking.
The mayor’s office said the city is working collaboratively with the MBTA to align priorities for the site, and understand operational needs and impacts.
The site includes extensive waterfront access, location on the “burgeoning” Orange Line corridor, and uninterrupted views of the Boston skyline, according to the mayor’s office.
The eight firms that responded to the September Request for Information were Able Company, The Davis Companies, Greystar Real Estate Partners, HYM, New England Development, Preotle Lane & Associates, QuakerLane Capital, and RISE Together.
Able Company proposed a mixed-use development of multi-family housing, life science research, technical and life science manufacturing, medical and clinical offices, and ground-floor retail.
The Davis Companies submitted a proposal for public parking and a mixed-use development with residential housing.
Greystar proposed residential housing and public parking, saying that it envisioned a mixed-use hub.
HYM envisions a mix of commercial, retail, residential, public parking and open space on the site.
New England Development proposed residential, retail, a life-sciences office and lab, a marina, boathouse, hotel, open space and public parking.
Preotle proposed residential, office, retail, a hotel, open space and public parking.
QuakerLane floated the potential of high- and low-rise residential and commercial, including offices and a research and development lab, retail space and public parking.
RISE is looking to include residential, hospitality, open space and public parking.
The city hired real estate firm Cushman and Wakefield to assist with the RFI and evaluation of its responses.
The submitted concept designs will inform a future Request for Proposals, “as well as any additional planning that is necessary to act on the air rights,” the city said.