The vision for the land includes a mixed-use neighborhood, rural neighborhood, village center, an employment district and an industrial/warehouse district.
The development will also have its own zoning code, which is known as form-based code. The zoning flexibility allows the site to be like a city within a city by creating more density combined it with open space. The campus will leave 225 acres as dedicated open space with walking trails.
The project is expected to generate almost 500 jobs, over $400,000 in state taxes and more than $12 million in permanent wages.
The site was previously was home to ABB Inc., or Combustion Engineering, which dealt with nuclear waste on the land. The company completed nuclear and fossil fuel research for commercial use. These processes at the site generated low-level radioactive waste and hazardous chemical wastes.
Cleanup of the site has been in the works since the early 2000s. In 2007, ABB and the federal government entered into an agreement to clean remaining radioactive material dating back to the Cold War. In total, the cleanup cost $150 million.
The benefit of brownfield redevelopment is that it not only brings old into new, but it brings a site back into production. The first phase of the Great Pond Village debuted in 2019 with the opening of a 230-unit luxury apartment complex.
After two decades of brownfield cleanup, construction on the latest phase of Great Pond Village brokeground. The total investment in the phase is $14.4 million. The first phase of the project debuted in 2019 with the opening of a 230-unit luxury apartment complex.
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