The project will generate approximately $550,000 in net real estate tax revenue for the Town annually. *Revenue calculated using FY2023 tax rate.

Payment of approximately $2.3 million to the Town in initial building permits and other utility connection fees.

• The project addresses the Town Auditor’s concerns regarding long-term revenue growth for the Town of Braintree.

• “Unless the Town is willing to cut services or think differently about how they provide services, then growing revenues is the only long-term option. Whether that is adding housing, increasing commercial properties, raising existing fees, creating new recurring revenue streams, or a combination of all the above.”  FY23 Operating Budget Highlight-Analysis

The South Shore Plaza is not just a shopping center—it’s Braintree’s financial backbone, contributing a substantial $8 million annually in taxes. Introducing The Residences at South Shore presents an unparalleled opportunity to inject an additional $140 million into the Plaza, solidifying its position as a cornerstone of Braintree’s economic vitality.

The Residences at South Shore provides a natural consumer base for the adjacent retail and restaurants. In an age of online purchasing, mixed-use (multifamily homes built adjacent to retail/restaurants) has repositioned and enhanced brick-and-mortar retail venues throughout the region and the country, enhancing accessibility to goods and services. This proximity fosters convenience for residents and boosts economic activity for businesses within the mall.