Business & Tech

This Old Factory

What would you like to see at the old Fine factory off Lynnfield Street?

The old L. Fine & Co. factory at 143 Lynnfield St. (just behind Craig's Pond and the railroad tracks) has been vacant for years.

So what would you like to see go in here?

Redevelopment proposals have been floated around in the past, most notably one to convert the old factory into residential condos, but that plan never came to fruition. Remis Industries, which used to be next-door, was in similar straits until a few years ago when developer Sal Palumbo knocked down the building and .

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The Fine factory, which has four buildings on the six-acre site, is accessed from Corwin Street. The first manufacturing facility was built in 1880, the second building went up in 1900 and two smaller buildings were added in 1925 and 1940.

According to city records, the Fine family sold the property in 2003 for $900,000 to Vaughn Station, LLC, which then sold it in 2007 for $1.35 million to Onnig Beurekjian, trustee of ANO Realty Trust. Beurekjian also owns the plaza at 145 Summit St.

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