The Transformational Benefits of our Project for Braintree

• An increased Tax Revenue of approximately $550,000.

• Additional Development Fees of approximately $2.3 million for building permits and other utility connection fees.

• Establishment of recurring annual revenue.

• A sustained Financial Performance of South Shore Plaza businesses.

New residents of the development will form a customer base and workforce that will draw new businesses to Braintree and strengthen existing ones. Discussions are underway to bring life science and technology businesses to the Lord & Taylor and Wood Road locations. A community like The Residences at South Shore, tailored for young professionals and workers, will make Braintree an appealing choice for life sciences and other employers.

Braintree and the South Shore need greater general housing options to provide affordable homes for young families and to accommodate the growing proportion of aging citizens within the town. The Residences at South Shore will address both of these critical needs, adding 325 housing units of studio, one-, and two-bedroom configurations to the Braintree community.

Furthermore, the allocation of 10% of the residences as affordable housing (tenant income capped at 80% of average median income) demonstrates a genuine commitment to addressing housing affordability challenges.

• Residents are expected to be young singles working in the area seeking an active local lifestyle but still valuing quick access to employment and entertainment. These residents tend to be more established young professionals and couples who can afford to purchase a home but choose to rent before buying.

• The Residences at South Shore will also be an option for Braintree residents hoping to downsize their living space while remaining close to friends and loved ones.

• The presence of community-minded residents creates clear safety and security benefits. When occupied, this area will provide an entire community paying attention and paying significant rent in a highly amenitized community living adjacent to the mall and patronizing the mall. This will contribute significantly to the effort to enhance safety, security, and reporting.

• Residents can enjoy amenities just a short walk away. This proximity eliminates the need to drive long distances for shopping or dining.

• Young professionals enjoy the convenience of living in a vibrant atmosphere with easy access to dining, entertainment, and cultural experiences.

• With the mix of residential and commercial spaces close by, there can be a unique sense of community where residents get to know their neighbors and frequent the same local spots.

The multifamily complex proximity to the Plaza provides a built-in customer base, revitalizing retail and restaurant businesses within, while offering affordable housing alternatives for those seeking quality living spaces.

With the addition of the Residences at South Shore, the Plaza will undergo a renaissance, offering elevated retail experiences and exciting new entertainment options. This transformation will not only enhance the Plaza’s appeal but also elevate Braintree’s reputation as a destination for shopping and leisure, setting Braintree on a trajectory of sustained prosperity and growth.

• Third-party studies show minimal and, in some cases, no impact, on traffic, schools, and city services.

• Families with school-aged children typically make up a very small component of a multifamily housing property. 

• The residential building will have its own internal parking structures.

• The Residences at South Shore will implement transportation demand management as needed, such as a van or other group transport, coordinated with other area businesses to the Red Line, commuter rail, and other destinations. 

• Secure bicycle parking will be provided and will include both exterior bicycle racks and indoor secure, weather-protected storage areas.

• The project transforms an empty parking lot into a more attractive and vibrant space for residents and visitors alike.

• The residential development features over 39% designated for open space with extensive landscaping and a publicly accessible walking path proximate to the old Quincy Reservoir. This commitment to preserving and enhancing green space exceeds the 25% regulatory requirement and underscores the project’s dedication to environmental stewardship.

• The residential building will have its own internal parking structures.