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Marlborough real estate owner proposes mixed-use project

Marlborough real estate owner proposes mixed-use project

MARLBOROUGH – The owner of a city real estate firm is proposing to build a four-story addition to her Bolton Street office to create a mixed-use development with offices on the ground level and residences on the upper floors.

Marilyn Green, owner of Re/Max Signature Properties at 28 Bolton St., recently submitted her plan to the City Council to construct the addition that would house 12 new residences. Green, who has owned the property for 18 years, has not decided if the boutique-type residences will be apartments or condominiums.

“We’re excited about our project,” said Green. “I want to create a place where everybody wants to live.”

Underground parking is also expected to be part of the plans, said Green.

The building at 28 Bolton St. currently houses Green’s offices and a mortgage company, both of which will remain, said Green.

Green, who has 40 years experience in the real estate industry, got the idea after talking with Tim Cummings, then-executive director of the Marlborough Economic Development Corporation. Cummings told Green about the new Marlborough Village zoning district that encourages mixed-use projects and said it could help revive downtown.

“I think when people come into the city of Marlborough people are going to say ‘wow’,” Green said of the ongoing downtown renaissance.

Green believes her proposal will help bring a new energy and new residents.

“If you had something to keep them here they wouldn’t be going home to Newton or Watertown at the end of the day,” said Green. “I’m hopeful others will embrace the same concept.”

The Urban Affairs Committee is expected to discuss the project in the coming weeks. The committee will provide a recommendation to the full City Council, which will then vote on the matter.

Green’s mixed-use proposal is the third to come before the council since it approved the new zoning in late 2014 . The zoning change eases requirements on parking and building dimensions for developers, who in turn have to comply with more stringent design standards. The zoning allows developers to make payments in lieu of creating parking and instead use spaces that are available in the municipal garages.

Developer Kevin Brett is seeking to build a six-story mixed-use facility on Main Street that will feature a ground floor restaurant and 32 condominiums on the upper floors. The 69,000-square-foot project would be located at 163-173 Main St. The project is also being reviewed by the Urban Affairs Committee.

George Voyatizis, owner of Fish Restaurant, recently received the go-ahead to construct 40 new apartments above his building at the corner of South Bolton Street and Granger Boulevard. Voyiatzis plans to have tenants move in next summer.

This article by Jeff Malachowski originally appeared here.