{"id":1004035560,"date":"2011-12-16T04:52:08","date_gmt":"2011-12-16T12:52:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004035133"},"modified":"2022-12-04T21:07:05","modified_gmt":"2022-12-05T05:07:05","slug":"lnr-picks-up-830-acres-outside-boston-the-final-piece-in-a-2-5b-puzzle","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lnr-picks-up-830-acres-outside-boston-the-final-piece-in-a-2-5b-puzzle\/","title":{"rendered":"LNR Land Buy Paves Way for SouthField Development"},"content":{"rendered":"<p><strong>December 16, 2011<\/strong><br \/>\n<em>By Nicholas Ziegler, News Editor<\/em><br \/>\n<a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/121611-Southfield-Development-Massachusetts.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/121611-Southfield-Development-Massachusetts.jpg\" alt=\"\" title=\"121611 - Southfield Development Massachusetts\" width=\"300\" height=\"213\" class=\"alignright size-medium wp-image-1004035134\" \/><\/a><\/p>\n<p>It\u2019s not a small thing to boast of a $2.5 billion development, but it\u2019s also not a small thing to close on the deal that secures the project\u2019s final land rights either. But LNR Property L.L.C. has done just that, by purchasing 830 acres of land from the U.S. Navy at Southfield \u2013 formerly the site of the South Weymouth Naval Air Station \u2013 for $25 million.<\/p>\n<p>Kevin Chase, regional vice president of LNR, characterized the entire SouthField development as \u201can economic engine for the entire region,\u201d one that bring 6,000 construction jobs and 4,000 permanent jobs to the area. SouthField, just 12 miles from Boston, will feature 2,855 units of housing and 2 million square feet of commercial and retail space upon completion, as well as more than 1,000 acres of parks and open space. Former Red Sox general manager Dan Duquette, along with soccer star Kristine Lilly, will jointly develop a $20 million sports-and-recreation complex.<\/p>\n<p>The development is meant to be transit-oriented, and SouthField Highlands, the community\u2019s first residential neighborhood, is located within walking distance to the South Weymouth commuter rail station. Massachusetts has invested $45 million in transit improvements to build the East-West Parkway, which will connect the development to existing roads. The federal government has committed $8 million for other transit improvements.<\/p>\n<p>The entire project has been on hold for some time. According to the Associated Press, the Navy approved a plan to reuse the base in 1999, but found the ideas scrapped by state environmental officials. A revised plan was proposed in 2008, but economic factors stalled development.<\/p>\n<p>&#8220;Southfield is the largest active development anywhere in this area, and its long term importance to the region and the Commonwealth cannot be understated,&#8221; said U.S. Rep. William Keating, who represents the district, in the <em>Boston Globe<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LNR has finalized a deal on 830 acres of land, which gives the company the final piece of property earmarked for the planned $2.5 billion SouthField development near Boston. <\/p>\n","protected":false},"author":1201,"featured_media":1004038222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21752,21742,10],"tags":[],"class_list":["post-1004035560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-mixed-use","category-latest","category-northeast"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LNR Land Buy Paves Way for SouthField Development - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lnr-picks-up-830-acres-outside-boston-the-final-piece-in-a-2-5b-puzzle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LNR Land Buy Paves Way for SouthField Development\" \/>\n<meta property=\"og:description\" content=\"LNR has finalized a deal on 830 acres of land, which gives the company the final piece of property earmarked for the planned $2.5 billion SouthField development near Boston.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lnr-picks-up-830-acres-outside-boston-the-final-piece-in-a-2-5b-puzzle\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-12-16T12:52:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T05:07:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/121611-Southfield-Development-Massachusetts.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"355\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lnr-picks-up-830-acres-outside-boston-the-final-piece-in-a-2-5b-puzzle\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lnr-picks-up-830-acres-outside-boston-the-final-piece-in-a-2-5b-puzzle\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"LNR Land Buy Paves Way for SouthField Development\",\"datePublished\":\"2011-12-16T12:52:08+00:00\",\"dateModified\":\"2022-12-05T05:07:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lnr-picks-up-830-acres-outside-boston-the-final-piece-in-a-2-5b-puzzle\\\/\"},\"wordCount\":306,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lnr-picks-up-830-acres-outside-boston-the-final-piece-in-a-2-5b-puzzle\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/12\\\/121611-Southfield-Development-Massachusetts.jpg\",\"articleSection\":[\"Development\",\"Featured\",\"Mixed Use\",\"News\",\"Northeast\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lnr-picks-up-830-acres-outside-boston-the-final-piece-in-a-2-5b-puzzle\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lnr-picks-up-830-acres-outside-boston-the-final-piece-in-a-2-5b-puzzle\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lnr-picks-up-830-acres-outside-boston-the-final-piece-in-a-2-5b-puzzle\\\/\",\"name\":\"LNR Land Buy Paves Way for SouthField Development - 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