UMass Boston will lease Bayside Expo site to developer for $235m
Accordia plans to turn into a large-scale office and housing development alongside the UMass Boston campus.
In a $235 million deal that could reshape UMass Boston’s campus and the Columbia Point section of Dorchester, University of Massachusetts officials on Thursday voted to turn the site of the old Bayside Expo Center over to Accordia Partners, a Boston firm headed by two veteran developers, the Globe’s Tim Logan reports.
The board of UMass, and its Building Authority, said they have reached a deal on a long-term lease for the 20-acre site, which Accordia plans to turn into a large-scale office and housing development alongside the UMass Boston campus. University officials promised to pump the proceeds from the lease agreement into new buildings and infrastructure for the cash-strapped campus.
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