148-acre site will bring new jobs, investment, and long-term economic growth to Hudson
HUDSON, MA – National Development, a leading real estate investment, development, and management firm based in Newton, MA, announced today that it will submit plans to the Town of Hudson seeking entitlements to transform a 148-acre property on Reed Road into a state-of-the-art industrial campus totaling approximately 950,000 square feet. The redevelopment is expected to create new jobs, generate significant tax revenue, and further strengthen Hudson’s long-standing role as a hub for advanced manufacturing and economic innovation.
National Development acquired the property from Intel Corporation in November 2023. Intel leased the property and facilities until May 2025, concluding its more than 25-year tenure as the owner and operator of the research and manufacturing facility—which reached 1.4 million square feet at its peak—in support of its semiconductor fabrication operations. In recent years, Intel gradually wound down its activities at the site.
Recognized for its strong track record of re-envisioning properties in unique and thoughtful ways, National Development now aims to bring new life to the campus through this proposed redevelopment. Located less than two miles from I-495, with direct access to the I-290 interchange, the 148-acre site offers a rare combination of scale, infrastructure, and connectivity within Greater Boston’s industrial market. MassEcon, a statewide non-profit alliance of private and public sector partners, that champions Massachusetts as the best place to start, grow or locate a business, recently identified 75 Reed Road as one of the premier sites in Massachusetts for large-scale redevelopment. With flexible in-place industrial zoning, strong utility infrastructure, and robust power capacity, the site is ideally positioned to support a wide range of industrial uses—from advanced manufacturing to warehouse distribution, logistics, and beyond. Its strategic location also provides convenient access to major regional and national transportation corridors, offering future tenants the connectivity and efficiency essential for growth and innovation.
Since acquiring the property, National Development has undertaken extensive due diligence to determine the site’s highest and best use. The firm will continue to work closely with the Town of Hudson to ensure the redevelopment plan delivers maximum community benefit from this critical component of the Town’s commercial real estate base. The process will also provide carefully considered mitigation measures to minimize impacts across the entire town, especially the neighborhoods closest to the site. National Development has already advanced demolition of the former Intel facilities to prepare the site for its future transformation. The project is expected to generate significant employment opportunities, expand Hudson’s tax base, and serve as a long-term economic anchor for the region.
“We’re thrilled to take this long-awaited next step with the Town of Hudson,” said Katie Snyder, Senior Vice President of Development at National Development. “This site has incredible potential to support a high-quality employer, create good local jobs, and generate meaningful economic growth for the town. We’re committed to a thoughtful, collaborative process that is sensitive to our neighbors and benefits the Hudson community for years to come.”
“We appreciate National Development’s partnership and their commitment to working closely with the town as plans move forward.” said Kristina Johnson, Director of Planning and Community Development for the Town of Hudson. The redevelopment of the Reed Road site represents a significant investment in Hudson’s future, bringing new jobs, infrastructure improvements, and valuable tax revenue to our community.”
National Development remains deeply committed to partnering with the Hudson community throughout the public review process—actively engaging residents and stakeholders to ensure that each phase of the project reflects local needs, priorities, and aspirations.
About National Development
National Development is a vertically integrated real estate investment, development and management company. One of Boston’s leading firms for over 40 years, it invests throughout the Northeast, helping to shape communities across the region through a legacy of transformative properties. The firm has earned a reputation for delivering long-term value by thoughtfully navigating complexity through the creativity and deep experience of its team. National Development has developed and/or acquired more than 40 million square feet across a diverse range of property types and manages over $6 billion of assets through a series of fully discretionary real estate investment funds. For more information visit www.natdev.com