Weston Nurseries Has Bright Future in Hopkinton
FOR IMMEDIATE RELEASEContact:
Ashley McCown
Solomon McCown & Co.
(617) 933-5012
WESTON NURSERIES SIGNS AGREEMENT WITH PROMINENT DEVELOPER BOULDER CAPITALAS PART OF ITS REORGANIZATION PLAN
Boulder Capital plans for mixed use development
Nursery to be owned by Wayne and Peter Mezitt
HOPKINTON, Mass., December 6, 2006 – As part of the reorganization plan it submitted on December 1, 84- year old Weston Nurseries of Hopkinton, Mez-Ag and Roger and Wayne Mezitt have signed a letter of intent with Boulder Capital to develop a portion of the land the nursery currently sits on. The partnership will bring together a beloved local institution known for its horticultural expertise with one of the region’s leading developers and landscape architectural firms.
“We are thrilled to be teaming up with Roy MacDowell and Boulder Capital at this very important juncture for our company,” said Gary Furst, president and CEO,Weston Nurseries of Hopkinton. “Roy is a visionary, skilled developer who is committed to working collaboratively with the Mezitt family, town officials and the community as we move through a deliberate master planning process that will ensure the continued viability of our operations and an appropriate development for the town.”
The letter of intent calls for the sale of 742 acres to Boulder Capital. A master plan will be developed for the land that currently contemplates a development that could include a mix of residential units, condominiums—possibly age-restricted-- retail and potentially institutional or commercial uses. Weston Nurseries—both the retail operation and acreage for growing-- will continue to operate on 150 acres of land.Weston Nurseries will be owned by Wayne and Peter Mezitt.
“I have always considered Weston Nurseries the Tiffany’s of the nursery business and this parcel a crown jewel,” said Roy S. MacDowell, Jr. president, Boulder Capital. “We will take great care to develop a master plan that has sensitivities to the land andwill contribute to the economic vitality of the area, one the town can be proud of. Our team will work very closely with the Mezitts, Weston Nurseries, town officials and the community on this unique opportunity.”
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Weston Nurseries & Boulder Capital/2
December 6, 2006
In getting to this point, Furst commended brothers Roger and Wayne Mezitt. “Both sides of the family worked very hard to make this happen. I applaud them for taking the long view of what is best for their family, the business and its employees, and for the town,” he said. The company will emerge from bankruptcy protection with virtually no debt.
“I am extremely proud of what we have accomplished over the past year, gratified that our company will be strong financially, and excited about the future,” said Peter Mezitt, general manager, Weston Nurseries.Mezittadded the nursery will continue to operate an even larger retail business, along with its vibrant commercial, andlandscape/design and installation business.
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About Weston Nurseries
Weston Nurseries of Hopkinton is located 25 miles west of Boston in Hopkinton, Massachusetts.Now in its 84th year, Weston Nurseries has gained a solid reputation for growing and introducing hardy, distinctive plants for the challenges of New England’s climate, including many varieties of azaleas and rhododendrons.Plants and related products are sold to the public and to commercial customers from a retail/commercial area on Route 135.
Boulder Capital was formed in 1995 by Roy S. MacDowell Jr., and specializes in real estate development, real estate lending and capital ventures.Boulder, known for some of the finest developments in New England, has expertise in residential, commercial, retail, and medical properties. Additionally, Boulder Capital serves as a value-added capital source to a number of real estate and business entrepreneurs.
The Boulder Capital team has a reputation for success.Boulder prides itself on its members’ collective ability to combine critical attention to detail with focus broad enough to see both the big picture and its means to realization. The firm’s capabilities are strengthened by their expertise in design and construction management as well as their “hands-on” approach. The ability to move quickly and decisively exudes the entrepreneurial spirit that has become a trademark of the organization.Boulder’s successful track record in dealing with complex projects is synonymous with the way they do business.
The MacDowell Company, founded in 1970, by Roy S. MacDowell Jr., offers a total package of landscape design and construction services. For more than 30 years, The MacDowell Company has been designing and implementing major landscape projects throughout the New Englandarea. Each project reflects a commitment to excellence in creativity and craftsmanship while mindful of the environment and of client’s expectations.