The firm’s chief development officer, Michael Cantalupa, confirmed in an e-mail that a Davis affiliate has signed an agreement with Exxon for its Everett fuels storage and distribution terminal, but would not comment beyond that.

But Davis has not yet disclosed any plans for the site. The city of Everett has touted much of the 95-acre Exxon property - actually four parcels that stretch from the Sweetser Circle rotary, at routes 16 and 99, all the way to the Mystic River - for life sciences. “I have always known the potential that Everett has to evolve from its industrial age commercial uses because we have the acreage that is no longer found in surrounding communities.”ĭeMaria said he hopes the developer interest can help city officials make the case for public transit improvements, such as an extension of the Silver Line bus system or a new station for the commuter rail trains that travel through the city but do not stop there. “Everett residents finally have the chance to realize the benefits of the types of economic development opportunities they deserve with the redevelopment of the ExxonMobil … parcel and the Constellation Energy generating sites,” Everett Mayor Carlo DeMaria said in an e-mail. Meanwhile, The Kraft Group has been rumored to be in the mix for this area, known as the Lower Broadway Economic Development District, as part of the search for a home for the New England Revolution soccer team. Wynn has more in the works, including a nearly 1,000-seat events venue and restaurant alongside a parking garage across Broadway (Route 99) from the Encore Boston Harbor casino complex. Taken together, the two properties could bring about massive changes to this industrial area on Boston’s northern doorstep, an evolution that kicked off with Wynn Resorts’ decision to build a casino and luxury hotel on the site of an old chemical factory overlooking the Mystic River.

Meanwhile, power plant owner Constellation has agreed to put a 45-acre portion of its nearby Mystic Generating Station up for sale. Prominent Boston developer The Davis Companies has reached an agreement to buy a roughly 100-acre tank farm in Everett from ExxonMobil, positioning one of the largest available development sites near Boston for a sprawling mixed-use project.

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