The Master Plan points out that Elm Street, in its current configuration, is a gap in Downtown. The sidewalks are not continuous and the road is lined with driveways and parking lots,
In early Summer 2017, a final agreement was reached between the Town and David Waldman. If all applicable permits are approved by Fall 2017, construction will begin in early 2018 and is scheduled to be completed by June 2018.
After the deal was called off in late 2016, on March 1, 2017, the Board of Finance gave its approval to the revised land swap agreement. Under the plan, which still needs other approvals by the Planning and Zoning Commission and Board of Selectmen, David Adam Realty would acquire a piece of the town’s Baldwin Parking Lot at 36 Elm St. for construction of a $7 million building. In return, the town would get land for additional parking, which is currently occupied by the Villa Del Sol building Waldman has now purchased at 35 Elm St.
On September 15, 2016, the P&Z heard comments on the Elm Street swap, supported by DPIC, but closed the hearing to vote later on the matter.
The DPIC voted in favor of a resolution to support David Adam Realty's submission before P&Z related to the potential swap of land on Elm Street. Details on the proposed arrangement are available at www.36elmswap.com
The town's design for Elm Street is almost complete, is generally similar to Main Street's streetscape, and is in sync with the land swap proposed by David Adam Realty. The design includes a reconfigured intersection of Main and Elm.
In the winter of 2016, funds for the redesign of Elm Street were approved by the RTM and Board of Finance. This would have included improving the sidewalk network and burying the power lines. However, there is currently a proposal from David Waldman, developer of Bedford Square, to swap a parcel of land with the town. As a result, the design of Elm Street is on hold until this proposal has been voted on by the Planning & Zoning Commission.