Developers Atlantic Management and VMD have bought the 50-acre Necco candy-manufacturing hub at 135 American Legion Highway in Revere for $54.6 million.
The expanse is near the Blue Line’s Wonderland stop (pictured) as well as the old Wonderland racetrack.
Both bits are important. The former racetrack’s building is coming down this summer, according to the Globe’s Jon Chesto. And, though a buyer for it has yet to be found, Revere officials “dream of a new commuter rail station” in its place, “one that could connect” the Necco site and the Blue Line stop.
Moreover, Necco’s lease for the 830,000-square-foot building that dominates the 50 acres is up in August 2018—and it’s not clear the wafer and candy hearts maker is planning to stick around.
Might a large-scale development supplant everything? Stay tuned.