Transit: MBTA breaks ground on Waterfront Square development project
from Progressive Railroading
Yesterday, the Massachusetts Bay Transportation Authority (MBTA) began construction on the Wonderland Station parking garage as part of the city of Revere’s Waterfront Square transit-oriented development (TOD) project.
The $47 million, seven-story parking facility with 1,465 spaces is being funded through a combination of American Recovery and Reinvestment Act funds and MBTA bond revenue financing, authority officials said in a prepared statement.
The Waterfront Square development is a planned mixed-use community of 902 residential units, 145,500 square feet of office space, a 100-room hotel and 28,000 square feet of retail space.
