Completed Disposition of State-Owned Real Property
5.2 contiguous acres of land conveyed to the Foxboro Housing Authority (FHA) for construction of affordable housing.
- Private redevelopment plan includes 162 market-rate and 41 affordable residential units, as well as commercial and retail space.
- Thousands of seasonal construction jobs created. Dozens of retail employment opportunities once construction complete.
- New recreational fields to be developed for the benefit of Town residents.
- Increased tax revenues and small businesses for Town of Foxborough.
Description of Property
The Commonwealth of Massachusetts through the Division of Capital Asset Management and Maintenance (DCAMM) entered into a purchase and sales agreement with VinCo Properties on February 28, 2005 for the redevelopment of 93 acres of land that was a portion of the former Foxborough State Hospital (FSH)Campus.
The property, listed on the National and State Registers of Historic Places, with existing improvements of approximately 478,889 +/- SF, offered an exciting and unique opportunity to create a mixed-use, multi-generation development through a combination of new construction and renovation of historic buildings. Although the development will be primarily residential, there are also opportunities for limited office and retail development on this Campus which is characterized by its open spaces, historic buildings, mature trees and wooded areas.
Disposition Process and Economic Benefits
The Campus was the subject of an extensive redevelopment planning process that began with the formulation of the Town of Foxborough State Land Planning Committee working in collaboration with DCAMM to identify viable reuse options for this site.
This group effort resulted in the 1994 Consensus Reuse Plan which was subsequently amended in September 2002 to reflect current Town needs and allowed for development of 203 residential units of mixed-product types, approximately 25,000 +/- SF of medical/office space, and retail space of approximately 30,000 +/- SF. Twenty Percent of the overall number residential units are to be designated as affordable.
The Commonwealth offered the property at a public outcry auction on February 28, 2005 with the restriction that redevelopment must be in accordance with the Committee's approved reuse plan and appropriate deed restrictions. Eleven developers were pre-qualified to bid according to strict pre-qualification criteria. VinCo Properties, a pre-qualified bidder, offered the highest bid, paying the Commonwealth $5.17M to purchase the property. The sale closed in August of 2005. Construction is currently underway. Economic development benefits include small business development, seasonal and permanent jobs, new recreational fields for the Town of Foxboro, increased market-rate and affordable housing stock, and tax revenue to the state and Town of Foxborough.