NewburyportNews.com, Newburyport, MA

Local News

January 22, 2013

reNewed hope for Golden Triangle

Animal hospital eyes site as owners woo more developers

AMESBURY — Long hailed as an area ripe for redevelopment, the “Golden Triangle” region nestled between Interstates 495 and 95 has sat dormant for decades despite a litany of redevelopment proposals that never took off — until now.

About six months ago, signs advertising potential development opportunities within and across from the Golden Triangle began to pop up on Elm Street.

Christian Stallkamp, an associate with the commercial real estate company CBRE New England, said the signs were posted shortly after the property was formally put up for sale and have already garnered interest from developers.

There are currently three parcels being shopped; one retail and one hotel site near the Elm Street entrance to Carraigetown Market Place, and the 50-acre Golden Triangle parcel between the two highways. Stallkamp said several potential buyers have approached CBRE regarding all three parcels and discussions are ongoing.

“What’s unique about the parcel is that it appeals to a wide range of uses and we’ve had interest from a wide range of users,” Stallkamp said. “The parcel could accommodate warehouses, retail, big-box stores; it’s a great site for someone, it’s just finding the right tenant.”

One business that could relocate to the Golden Triangle in the near future is Amesbury Animal Hospital. The business that for years has been based at 230 Main St. is looking to build a new, more modern facility.

The City Council will soon begin discussing a proposed zoning amendment that would allow the animal hospital to relocate to 277 Elm St. within the Golden Triangle. The animal hospital has already signed a purchase and sales agreement pending approval of the zoning amendment.

According to its filed proposal, Amesbury Animal Hospital intends to construct an expanded building with more examination rooms and surgical suites on a portion of the 50-acre site. Joe Fahey, the city’s economic development director, said the hospital would subdivide a portion of the 50-acre parcel for itself and the rest would remain available for other developers.

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