Housing prices in Burlington run from $300,000 for a small ranch to the low- to mid-$700,000s for a newly constructed 3,000-square-foot Colonial, Rollins said.
In response to a surge in demand for housing that appeals to the young professionals who work in Burlington and older couples looking to downsize, the town also is seeing an uptick in the number of multifamily homes, condominiums, and apartments. Last week, Realtor.com listed five condos, ranging from $418,900 for a two-bedroom, two-bath, 2,300-square-foot unit to $585,000 for another with three bedrooms and four baths in 2,200 square feet.
Nordblom Co., which controls the land in the 285-acre Northwest Park off the Middlesex Turnpike, is converting part of Third Avenue and surrounding streets into an urban-style retail and restaurant center that will be anchored by a 140,000-square-foot Wegmans supermarket and a 27,000-square-foot Kings Bowl . The 4.6 million-square-foot development is expected to add significantly to the town’s meal tax revenue, which is anticipated to reach $1.4 million this fiscal year.
Northwest Park also will include 200 apartments, 10 percent of which will be designated as more affordable. The units, designed to appeal to the growing number of high tech and medical industry employees who are coming to Burlington, are scheduled for occupancy in the summer of 2014.
“People come here and they don’t leave because there’s so much to offer to families,” said Town Administrator John D. Petrin. “We show it from the number of churches we have to the types of programs we offer. We still have neighborhood rec programs and neighborhood parks.
“We have concerts and movies on the common during the summer and a vibrant Fourth of July parade and fireworks. We take a lot of pride as a community.”
Brenda J. Buote may be reached at firstname.lastname@example.org.