Based on their planning board notice, it looks like there is a big development coming to Oak ave by the post office. They are planning to build a 12 story multi-family residential building (8 stories of 3 bedroom units on top of 3 stories of residential parking and public parking on the ground level with a commercial retail space). If approved, it would be roughly half the size of the previously approved Martinique high-rise on the same lot.
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I guess we will have to wait to see if it actually gets built.