BANKER & TRADESMAN – The city of Marlborough has received a $1.6 million MassWorks Infrastructure Grant Program award from the state to fund roadway, bicycle and pedestrian improvements along Simarano Drive in Marlborough’s southwest quadrant.
The state-funded infrastructure upgrades in Marlborough will complement the private sector investment in the area’s mixed-use, multifamily Forest Park development. The former Hewlett-Packard and Fidelity Investment sites, now owned by Atlantic Management, will include new housing units, a hotel and more retail and dining spaces.
Part of the project’s first phase includes Quest Diagnostic’s 200,000-square-foot lab at Forest Park currently under construction and slated to open in mid 2014. Also included in the first phase of the Forest Park development is 730,000 square feet of office, research and design space; 350 rental units; and a three-story, 125-room hotel.
The second phase of the project will include the construction of 50,000 square feet of retail space, a 250,000-square-foot office building and a 900-space parking structure. The entire project is estimated to create 475 construction jobs between the commercial and residential components.
This story originally appeared here.