Former Newbury College / Welltower Site Development
The former Newbury College campus, located in the Fisher Hill neighborhood, was recently sold to Welltower, a leading developer of senior housing facilities. Welltower is proposing to redevelop the eastern portion of the former Newbury College campus into a continuing care facility that would include independent living units, assisted living units, and memory care units for seniors. Such a use does not comply with the existing zoning of the property, and Welltower is therefore working with Town officials in the hopes of presenting a rezoning proposal for the subject properties at a Special Town Meeting in March. Welltower has engaged two architectural firms, Robert AM Stern and Finegold Alexander Architects, to prepare site design materials.
The Town is also entering into negotiations with Welltower on the purchase of the western portion of the site. The Town has not yet identified what the property might be used for, but consideration is being given to a 3- or 4-section school, a recreational facility, a storage facility for the Building Department, a training facility for the Police Department, and other uses identified in the Town's Strategic Asset Plan. The Select Board has established the Newbury Zoning Committee to investigate and produce a recommendation on a rezoning proposal for the eastern portion of the site together with associated agreements between the Town and Welltower.
The Newbury Zoning Committee and the Select Board have agreed to a set of terms with Welltower for the rezoning of the east side of the former Newbury College campus and the Town’s potential purchase of the west side. Below is a link to a summary of the terms. These terms have been incorporated into a Memorandum of Agreement and in a variety of warrant articles and other associated documents to be voted on at the Town’s Annual Town Meeting in June (see below for filed warrant articles).
The following warrant articles were formally submitted on March 5, 2020.
- Master Explanation for Welltower Development
- Warrant Article as filed - Fisher Hill Special Overlay District
- Warrant Article as filed - Memorandum of Agreement
- REVISED 4-27-20 - Memorandum of Agreement
- FINAL 6-22-20 - Memorandum of Agreement
- Explanation of Changes to Memorandum of Agreement
- Warrant Article as filed - Holland Road Mixed Income Housing Overlay District
- Warrant Article as filed - Tax Certainty
- Warrant Article as filed - Tree Easement
Newbury Campus Zoning Study Committee
Meetings / Agendas / Minutes (includes meetings/agendas for Subcommittees)
Newbury Zoning Negotiation Subcommittee - The purpose of this subcommittee is to consider the purchase, exchange, lease, or value of the real property of the former Newbury College campus. This subcommittee’s meetings are not open to the public, and are held in executive session because an open meeting may have detrimental effects on the negotiating position of the public body.
Newbury Zoning Architectural Subcommittee - The purpose of this subcommittee is to review and propose changes to the design of Welltower’s proposal. The Architectural Subcommittee will likely play a significant role in the drafting of design guidelines for the project and the new zoning district.
Plans and Presentations
- About Pam McKinney - Town’s Real Estate Financial Consultant
Test-Fits for the West Portion of the Site
Total: 7.88 acres
East Side: 4.75 acres
West Side: 3.13 acres
Addresses and Parcel ID #s:
East Side: 117 Fisher Ave (250-01-02), 124 Holland Rd (250-03-05), 125 Holland Rd (249-13-00)
West Side: 110 Fisher Ave (255-01-01), 146 Hyslop Rd (256-20-00), 124 Fisher Ave (256-24-00), 150 Fisher Ave (256-21-23)
East Side: S-15/S-25
West Side: S-25