FRAMINGHAM, MA - The Framingham Planning Board will hold a public hearing on Thursday, March 17, 2011 at 9:15 p.m. in the Blumer Community Room of the Memorial Building, 150 Concord Street, Framingham, Massachusetts to consider the application of Framingham CFII, LP and The Congress Group Inc. for a Special Permit for Land Disturbance.
The permit is in regards to a proposal to construct two six-story buildings which will be connected by a common connector building at 125, 135 and 137 Pennsylvania Avenue.
The properties consist of the former home of International Paper and other office buildings built in the 1960's and 1970's. The properties are in the Framingham Industrial Park, (which is located between Rt. 30, Rt.9 and the MassPike and is best known as the home of BOSE Corporation and locally referred to as "BOSE Mountain").
The properties, which are currently vacant are valued at approx. $2.5M. If the project is completed the property is estimated to increase in value to $65M --- yeilding a significant increase in commercial property taxes to the Town.
In addition to the office buildings and common building, the plans call for a multi-story parking garage to be constructed on the property with over 1200 parking spaces.
The developers have indicated they plan to build the project in phases based on demand for office and labrotory space.
For more info, or to review the filings associated with the project, contact Framingham Planning Board, 150 Concord St., Room B-7, Framingham, MA, 01702, or by phone at: (508) 532-5450.