742 acres in Hopkinton slated for development
Boston/SF, an online real estate journal, reports that Weston Nurseries in Hopkinton has signed a letter of intent with Boulder Capital to develop 742 acres of land, part of the 900-acre plot the nursery sits on.
The letter of intent calls for the sale of the 742 acres to Weston-based Boulder Capital, which will work with the MacDowell Company, a landscape design firm, to develop and execute a master plan. The plans could possibly include a mix of residential units and condominiums, retail space, as well as institutional or commercial uses.
According to the report, there is also potential for the development to be age-restricted.
Weston Nurseries, an 84-year old establishment, will continue to operate on 150 acres of land for both its retail business and growing space. The transaction will allow the nursery to shed its debt and exit from bankruptcy, said Gary Furst, president and CEO of Weston Nurseries.
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