Town Approves Revenue Share with Urban Spaces
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Description
The Winchester Planning Board approved a profit-sharing agreement with Urban Spaces LLC, granting the Town 15 percent of revenue above anticipated gross revenue from the 10 Converse Place project, capped at $1 million. The arrangement is a condition of the special permit and will be finalized administratively within 45 days.
Contract Details
Contract Amount
Up to $1,000,000
Vendor
URBAN SPACES LLC
Agency
Town of Winchester, MA
Contract Type
OTHER
Document Date
February 27, 2026
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