Boston 2010 Real Estate News

Boston Property News

Monday, October 15, 2007

Everett land sought for River's Edge

The Everett land, until recently owned by General Electric, falls within the boundaries of River's Edge, a decade-old joint venture among the three cities to revitalize a 200-acre industrial area on both sides of the Malden River.

Medford Mayor Michael J. McGlynn, who chairs the Mystic Valley Development Commission, said the agency will seek to acquire the property by eminent domain or straight purchase, noting that it had previously made clear it would do so even if GE sold the land.