press release

February 10, 2017

Contacts:
Cindy Carasquilla
Stop & Shop NY Metro Division
(914) 251-2834
[email protected]

Phil Tracey
Stop & Shop New England Division
(617) 774-4434
[email protected]

Stop & Shop Announces Proposal for New State-of-the-Art Supermarket and Residential Focused Mixed-Use Project in Allston

Purchase, NY & Quincy, MA (February 10, 2017) - The Stop & Shop Supermarket Company LLC today filed a Letter of Intent with the Boston Planning & Development Agency (BPDA) outlining plans for a new state-of-the-art supermarket at the site of its existing store at 60 Everett Street in Allston as part of a broader, new mixed-use residential community.

Known as Allston Yards, the proposed project is fully aligned with the principles and goals of the Guest Street Area Planning Study that was released in 2012. The result of a robust community planning process, the report outlined the local community’s vision for the area in collaboration with the City of Boston. The report prioritizes new residential, retail and office opportunities for the Allston and Brighton neighborhoods, with a focus on walkable, transit-oriented communities.

"Stop & Shop has been proud to call Boston our home for over a century and we believe that the Allston Yards project represents a terrific opportunity for us to better serve the neighborhood and the community," said Mark McGowan, President of Stop & Shop.

In addition to updating the essential supermarket services offered by Stop & Shop, which has been serving the community in that location since 1998, plans for the 11-acre site include a diverse mix of new housing, offices, and ground floor retail. The proposed concept for Allston Yards also envisions creating important new street connections and expanding access for pedestrians, bicyclists and motor vehicles. A key component of the project will be extending Guest Street through the site to successfully and safely connect the buildings along this corridor to the surrounding streets and neighborhood.

The development is expected to begin with construction of a flagship supermarket and residential housing. The current Stop & Shop will remain in operation during construction.

The Letter of Intent begins a formal permitting process with the City and the BPDA, which will include a thorough community review. Stop & Shop is developing Allston Yards in collaboration with Bozzuto Development Company and Southside Investment Partners, both of whom bring extensive expertise in residential and commercial development to this project.

"We are excited to share our vision with the community and look forward to hearing from our neighbors as we bring this project to life," said Linda Constanzo, Director of Real Estate for Ahold USA. "We welcome a thoughtful dialogue about how to maximize the local benefits associated with this project."

About Stop & Shop

The Stop & Shop Supermarket Company LLC employs over 61,000 associates and operates 419 stores throughout Massachusetts, Connecticut, Rhode Island, New York and New Jersey. The company helps support local communities fight hunger, combat childhood cancer and promote general health and wellness - with emphasis on children's educational and support programs. In its commitment to be a sustainable company, Stop & Shop is a member of the U.S. Green Building Council and EPA's Smart Way program and has been recognized by the EPA for the superior energy management of its stores. Stop & Shop is an Ahold company. To learn more about Stop & Shop, visit www.stopandshop.com or www.facebook.com/stopandshop.