Developers have submitted plans to purchase a Boston Street property and to rip down three existing buildings in order to place a modern CVS or Walgreen’s style pharmacy.
The location, according to plans filed with the city, includes Harvest Time, Over Easy Restaurant and Happy Valley Automotive.
The development will require a special permit from the city.
To that end, the developer, Tropical Star Development is seeking just that.
TSD is a New Hampshire company.
City records reveal that this property is zoned light industrial, ergo, the reason for the necessity of a special permit.
The entire area has changed dramatically during the past 25 years.
What used to be a smattering of aging brick and wood shoe factories has been transformed into one of the city’s more prominent commercial district’s with several shopping center type configurations, banking institutions and a variety of smaller commercial businesses.
At least one of the three businesses will relocate in the city.
Lynn has become a popular spot for larger style pharmacies.
Generally they build and lease the land from the owners, providing large monthly rentals with long-term leases.
They also generate lots of jobs and contribute generous property taxes to the city – and there is a substantial building permit fee.
The end product is a modern structure generating major business and serving residents here for their pharmacy needs as well as others.
It is believe the city council will allow the special permit.