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Developer Proposes 1.7 Million-Square-Foot Development on Charlestown's Waterfront

425 Medford Street, Charlestown, MA by NELSON Worldwide

There is a new property to pay attention to in the coming months – 425 Medford Street in Charlestown. The former Domino Sugar refinery site on Mystic River is being proposed as a 21-acre mixed-use space by the Braintree-based real estate company, The Flatley Co., the owner of the nearby Schrafft Center. The Schrafft Center is a former candy factory, best known for the prominent clocktower.

For years now, residents have dealt with restricted public access to the waterfront since the refinery opened decades ago (the early 1960s). It was the first new refinery in the United States since 1935. When it was built, it leveled Dewey Beach, which had been a popular place for swimming and swim races. The refinery ultimately closed in 1988, and The Flatley Co. bought the parcel and the surrounding area in 1994. It is listed as “Marine Park Limited Partnership” on their website.

Along with the mixed-use space, The Flatley Co. is proposing a 22-foot high flood barrier, which will be built to standards to prevent future coastal flooding. This barrier will be built along the newly proposed three-quarter-mile expanse along the Mystic River, including an extension of the Boston Harborwalk, parks, recreational areas, public dock, launch areas for boats or kayaks, and public lookout spots.

Charlestown is one of the oldest neighborhoods in Boston. A notable part of this area is The Freedom Trail. The Freedom Trail is lined with brick townhouses and clapboard triple-decker and leads to the Bunker Hill Monument.  Charlestown Navy Yard is also home to the 1797 U.S.S. Constitution and its namesake museum. It is also only a short trip from Downtown Boston, so getting to or from the area is easy.

East Boston is just across the Boston Harbor from Charlestown. Elevated is Boston’s premier real estate agency, servicing all of the neighborhoods in the area. Some of the up-and-coming neighborhoods around Boston have the best luxury condos and apartments available, and Elevated is your connection to all of these properties. For more information, contact Elevated today to find your next Boston home.

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