Davis Cos. Unveils ‘Docklands Innovation District’ Plan for Everett
The new owner of the former ExxonMobil property in Everett presented a master plan for redevelopment of the 100-acre property over the next two decades.
The new owner of the former ExxonMobil property in Everett presented a master plan for redevelopment of the 100-acre property over the next two decades.
Attorney General Andrea Campbell announced Thursday her office has entered into an agreement with The Davis Cos. that will enable the company’s planned redevelopment of the 100-acre former Exxon Mobile tank farm in Everett.
The Davis Cos. paid $72.5 million to acquire the 100-acre ExxonMobil property in Everett, prompting Conservation Law Foundation to announce a settlement of a seven-year-old lawsuit seeking a cleanup of the fuel storage facility.
Environmental cleanup of the ExxonMobil fuel storage property in Everett will cost $100 million, Boston-based The Davis Cos. estimates, but could unlock over 4 million square feet of development.
The sale of the 100-acre ExxonMobil fuel storage facility in Everett is progressing as a proposed environmental cleanup could clear the way for a multi-million-square-foot redevelopment.