What will the impact on traffic be?

Market and Main has invested $1,000,000 in infrastructure improvements to the area. Most notably, we are nearing completion of building a right turn traffic lane along the southbound side of South River Road onto Meetinghouse Road. The capacity of the existing South River Road corridor is being substantially improved by a combination of new turn

Will the project add children to the school system?

A number of factors determine how many children are likely to reside in a community, and luxury mixed-use developments are known to be less desirable for families. Market and Main has considerably less two-bedroom units than other Bedford residential options. Only 40% of our units are two-bedroom, compared to 72% – 90% in nearby apartment

What is the impact on town services and schools?

Project impacts will be completely offset by Market and Main’s anticipated annual tax revenues and the one-time impact fee. Estimated 355 new police calls will be made per year (this is a reduction of 142 calls from the previously approved plan). Estimated 66 Fire/EMS calls will be made per year (initial approval had an estimated

What type of residential units are envisioned?

Market and Main’s luxury studio, one-bedroom, and two-bedroom residences will be stylishly appointed with private patios, covered parking, and the latest in energy efficiency and home technology. Residents can enjoy the beauty of Bedford paired with the walkability to exciting entertainment, shopping, dining, and community experience offered only at Market and Main. In total, 200

What are the community benefits?

Market and Main is transforming an outdated single-use shopping mall with a mixed-use walkable concept, enabling visitors and residents to live, shop, and enjoy recreation in a more traditional New England setting. The project will create a number of benefits, including: 1,682 full-time jobs 741 direct jobs related to the construction and operations phases 941

Who are the potential tenants?

Phase I, which has been completed, includes the popular Trader Joe’s grocery store and Friendly Toast restaurant, along with an existing Carrabba’s Italian Grill. Phase II includes an additional 40,500+ square feet of retail shopping, 20,000+ square feet of dining/restaurant space, an 11-screen cinema, 90-room luxury hotel, and 200 luxury mixed-use residences.

What changes have taken place with the project?

Since we first introduced the project, retailer conditions have changed, which required our concept to be re-envisioned. We have reduced our retail and restaurant space and number of hotel rooms, while introducing luxury mixed-use residences. We have also added additional green space, a walking trail, dog park, access to public transportation, and enhanced architectural treatments

What are the project details?

Market and Main is transforming a defunct Macy’s department store with a 1,000-space parking lot, originally built in 1966 into a mixed-use development, offering family-friendly shopping, dining and entertainment, luxury accommodations, and community experience in the heart of Bedford.

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