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HomeMy WebLinkAbout2017-01-18-EDAC-min Town of Lexington Economic Development Advisory Committee (EDAC) Draft Minutes of Meeting January 18, 2017 A meeting of the EDAC was held on Wednesday, January 18, 2017 at 8:00 a.m. in the Parker Room of the Town Office Building at 1625 Mass Ave. Members Present: George Burnell, Rick DeAngelis, , Kevin McGuire, John McWeeney, David Pronchick, Larry Smith, Sig Tullmann Staff Present: Melisa Tintocalis, Megan Zammuto Liasons Present: Charles Hornig, Joe Pato Members Absent: Narain Bhatia, Tom Dusel, Lelani Foster, Bob Richards MIT Innovation Discussion David Pronchick discussed the strategic plan for modernizing Lincoln Laboratory including interior renovations, solar panels, and two new buildings with construction to start in 2019 and 2021. The committee discussed possible implications of the changing administration. Large Scale Commercial Updates Rick DeAngelis discussed updates with Boston Properties. 191 Spring Street was purchased form Xerox and leased to Stride Right. Stride Right moved to Waltham and now the building is being improved without increasing the footprint. Updates include new façade, landscaping, and augmented parking. Rick mentioned that Boston Properties would prefer to completely renovate the building, but they are restricted due to FAR restrictions. Melisa discussed the Cresset Group’s plan for 475 Bedford Street. The group presented a concept plan with mixed use residential office and commercial. The committee discussed ideal uses for that site. The committee discussed hosting a forum for stimulate thoughts about merging sites to increase development. A motion was made to establish a forum with property owners to discuss the future of development and redevelopment along the Hartwell Corridor. The motion was seconded and approved unanimously. Minutes st A motion was made to approve the minutes from the December 21 EDAC. One correction was to change “guests” to “liaisons.” The edit was made and the motion was seconded and approved unanimously. Small Business & Visitor-based economy update: th The Selectmen will hear the presentation of the Streetscape and make a decision at the January 30 nd meeting. The Economic Development Office is hosting a Visitor Spending Summit on February 2. Adjournment: The meeting adjourned at 9:30 a.m. Next Meeting: February 15, 2017 Approved on: February 15, 2017