THE REVERE ADVOCATE – FRIDAY, JULY 1, 2022 Page 11 Morabito Councillor-at-Large Steve Councillor-at-Large Marc Silvestri 100 Salem Turnpike, Saugus, MA 01906 WIN-WASTE.COM Please Drive Safely! Council PresidentCouncil President y Fourth o Gerry Visconti & Family Ward 3 Councillor Anthony Cogliandro BUILD | FROM Page 1 operations while minimizing environmental impacts. Link Logistics and Saracen Properties recently purchased the property from Global Partners LP, and they will replace the tank farm with a new techenabled warehouse. Global will continue to operate from a portion of the property. Plans currently call for removing the majority of the 29 tanks on the site. Approximately two-thirds of the tanks (19) will be removed at the start of site work, with the remaining 10 to be leased back to Global. The majority of the tanks will be removed by the time the warehouse facility opens. Saracen Properties President Ted Saraceno said the partnership is excited to upgrade the high-profi le property at the border of Revere and East Boston. “We are excited to have the opportunity to clean up the site and deliver what we believe to be the highest and best use for the property. Replacing the tank farm with a world-class logistics facility will provide hundreds of jobs to area residents and provide a meaningful increase in tax revenue for the City of Revere and its residents.” Saraceno said. “The project is a ‘matter of right’ project,” according to prominent local Attorney Gerry D’Ambrosio, counsel for the project. Link and Saracen have not selected a potential tenant yet, so details on the number of jobs to be created and specifi c products to be housed on-site have yet to be determined; however, the facility is expected to create several hundred permanent and temporary jobs. The development team is starting the permitting process in the coming months. Assuming all approvals are achieved, the facility is projected to be fully completed and operational by early 2027. Link Logistics’ Vice President of Development, Daniel Connaughton, said executing on complex environmental remediation and delivering industryleading sustainable projects are characteristic of his company’s commitment to Environmental, Social and Governance (ESG). Link requires all of its new construction projects to be compliant with Leadership in Energy and Environmental Design (LEED) standards for further energy effi ciency and carbon emissions reduction. Link recently received the 2022 Energy Star Partner of the Year award from the U.S. Environmental Protection Agency and the U.S. Department of Energy, the first company in the industrial real estate sector to receive such recognition. Commenting on the transaction, Connaughton stated, “Link is focused on being a positive force for economic growth by helping businesses of all sizes fi nd the space they need to grow through investing in jobcreating facilities that spur local economies. Trident Logistics Center will be a modern, technology-enabled warehouse and distribution facility with a focus on responsible development, environmental resiliency and sustainability. This state-of-theart logistics facility will provide hundreds of jobs to area residents as well as a signifi cant increase in tax revenue for the City of Revere.” The Global property on the west side of Route 1A is part of the purchase, including the docking facility, but there are no immediate plans for redevelopment, as this western portion of the property, where they will continue to operate for the foreseeable future, is being leased back to Global. In addition to the removal of the tanks, construction will include other signifi cant environmental improvements, including removal or encapsulation of contaminated soil, upgraded stormwater management systems, and new infrastructure to safeguard against climate change and rising sea levels. Link and Saracen are working closely with the City of Revere and the Massachusetts Department of Transportation (MassDOT) and communicating with neighboring properties to measure and mitigage the project’s impact on traffi c and improve the Route 1A streetscape. The project will be reviewed by Revere’s Site Plan Review Committee, the Revere Conservation Commission and the Revere Fire Department as well as the Environmental Protection Agency, MassDOT and the Massachusetts Environmental Policy Act (MEPA) unit. y H f Jul app
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