EVERETT, Mass.— The demolition of the final oil storage tank at a former ExxonMobil tank farm in Everett marks a major milestone in the transformation of one of New England’s most historically industrial waterfront sites.
The 105-acre property, owned by a partnership between The Davis Companies and Global Partners LP, was acquired in 2023 and has long been defined by its role as a major oil storage facility. With the removal of the last remaining tank, developers say the site is now poised for a new chapter of mixed-use redevelopment along the Mystic River.
City officials and project leaders gathered to witness the demolition, including Robert Van Campen, who described the moment as both symbolic and transformative.
“This is the last tank to come down, and it represents the broader transformation we’re going to see on this 105-acre site,” Van Campen said. “It marks the end of Everett’s industrial past here and the beginning of a new chapter as we continue to reshape our community.”
The tank, measuring approximately 190 feet in diameter and previously capable of holding up to 16 million gallons of heating oil, was dismantled following months of preparation. Crews used specialized equipment to safely clean and methodically deconstruct the structure piece by piece.
According to Michael Cantalupa, Chief Development Officer at The Davis Companies, the milestone clears the way for vertical construction and long-term redevelopment plans.
“We envision a resilient, walkable, innovative neighborhood that will add open space, housing and retail, while fueling job creation through high-tech manufacturing and commercial space,” Cantalupa said. “With remediation nearly complete, the future of the Docklands can now begin.”
The site will anchor the planned Everett Docklands Innovation District, a large-scale initiative expected to play a central role in the city’s economic and environmental future. Officials note the cleanup effort represents the largest environmental remediation project in Everett’s history, converting a long-contaminated industrial parcel into a platform for sustainable growth.
At more than 100 acres, the property is larger than Seaport District and roughly three times the size of Assembly Row, underscoring the scale of the redevelopment opportunity.
City leaders emphasized that the milestone reflects years of coordination between public and private stakeholders and signals a broader commitment to repurposing underutilized industrial land into vibrant, community-focused spaces with improved waterfront access.
As redevelopment planning advances, the Everett Docklands project is expected to reshape the city’s shoreline and position Everett as a hub for innovation-driven economic growth in the Greater Boston region.
