Idea #176 – Development at Acorn Park
Report Status: Fully Reviewed
Researched by: Brian Antonellis
Original Idea as Submitted
Acorn Park Development
Other ideas included in this report
- None
Idea intent
Drive revenue through the development at Acorn Park Development
Weighted Final Score: N/A (already implemented)
Background Information
After over 12 years of litigation between developers and environmentalists, a building permit for the new construction of Residences at Acorn Park, a $70 million, 299-unit apartment complex in the Belmont Uplands on March 6, 2015. A.P. Cambridge Partners, LLC (limited liability company), who built the complex, fulfilled “all requirements under the Zoning Board of Appeals and received a comprehensive permit.
The Belmont ZBA’s most recent stormwater regulations use 2011 rain data, but Belmont Town Counsel has advised that since the Residences at Acorn Park project received a 40B Comprehensive Permit in 2007, it is exempt from the requirements of the local stormwater bylaw. The state’s Chapter 40B law allows developers to bypass local zoning requirements if a town’s housing stock is less than 10 percent affordable.
Recommendations
No recommendation. This land was developed, and the town is currently receiving real estate tax on an annual basis.
Next Steps
- None
Further Reading
- N/A