Spokeswoman Julie King said ExxonMobil, which employs 18 people at the terminal, will continue to operate the facility as the site is marketed. The JLL brochure also mentions industrial and multi-family uses in addition to life sciences, saying the parcels “could be the next transformative project for the area.” He views the ExxonMobil properties as ideal for biopharma labs. But obtaining eminent domain rights could help spur Exelon to sell the property, and it sends a signal to developers that the land could become available. The Exelon property isn’t technically on the market, and city officials haven’t actually decided to move forward with acquiring the site. 27 to use eminent domain to acquire a 40-acre chunk of the nearly 70-acre Exelon power plant property, across Broadway (Route 99) from the Encore Boston Harbor casino. Meanwhile, the city of Everett received approval from the state Department of Housing & Community Development on Aug. This vast swath of land, largely a tank farm today, encompasses four parcels that together reach from the Sweetser Circle rotary at routes 16 and 99 all the way to the Mystic River. Two major sections of Everett’s industrial waterfront, totaling some 140 acres, are being primed for redevelopment, potentially transforming a landscape dominated by an old power plant and massive oil storage tanks into biotech labs, housing, hotels, and restaurants.īrokerage giant JLL has begun circulating a brochure advertising 95-plus acres that ExxonMobil owns in the city, collectively known as the Everett Terminal.

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