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MBTA Issues RFQ for Redevelopment of Lynn Commuter Parking Garage
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The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals.

The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive reported. Of its 948 parking spaces, approximately 350 are currently available.

In December 2024, the City of Lynn and MBTA unveiled an initial concept that called for retaining part of the garage for parking while demolishing the remainder to make way for transit-oriented development.

The city’s priorities for the property include a mix of residential, commercial, and transit uses, along with businesses and amenities to serve residents, workers, and visitors. MBTA’s RFQ also calls for inclusionary zoning requiring 10% of housing units to be affordable to households earning 60% of the area median income.

Photo courtesy of MBTA.

The post MBTA Issues RFQ for Redevelopment of Lynn Commuter Parking Garage appeared first on Connect CRE.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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