53 County Road
PO Box 660
Mattapoisett, MA 02739
Phone 508-758-2238
Fax 508-758-9873


Economic Development
Downtown Redevelopment
Transportation Studies
Economic Impact Studies
Waterfront Studies

FXM In The News

FXM Associates is currently working with a varied client list on numerous high-profile projects, including the following:


For the City of New Bedford, Harbor Development Commission and Economic Development Corporation, FXM recently completed (2017) assessments of market-driven development opportunities and potential job creation linked to waterfront urban renewal plans in the North and South focus areas of this dynamic working waterfront.

In 2016, as part of a team headed by Sasaki Associates, FXM provided market and economic impact advisory services for a Vision/Development Program Framework for New Bedford’s working waterfront. That study served as a precursor to the detailed urban renewal plan preparation led by Harriman.

FXM has previously been involved in a number of projects on the New Bedford waterfront, ranging from the initial municipal harbor development master plan in 1999 to the market, economic impact, financial feasibility, and business plan for the Marine Commerce Terminal. That $120 million multi-purpose port facility project was completed in the spring of 2015.

For the City of Fall River Redevelopment Authority and Economic Development Corporation FXM completed (2017) assessments of potential market support for residential, office, and retail/restaurant development in the downtown and waterfront areas, as part of downtown and waterfront urban renewal plans.  The project team is led by Harriman. FXM’s analyses found demand for market rate rental housing, office space (primarily medical), retail and restaurant uses in both areas.

In 2015, also for the Fall River Economic Development Corporation, FXM analyzed market support, projected ridership and parking requirements, and recommended marketing initiatives for a proposed seasonal ferry service between Fall River, Newport and Block Island, RI. Interstate Navigation now reports three successful operating seasons and has achieved FXM’s ridership projections.

For the town of Saugus, MA, FXM completed (2017) an analysis of potential economic benefits associated with a proposed river walk along the Saugus River. FXM’s evaluation showed the amenity created by the new access along the river would increase the sales of function and restaurant space, increase sales at a seafood landing/wholesale operation, and create new development opportunities for retail and restaurant sales. FXM’s assessment is helping to advance a proposed $3 million capital project that includes the river walk and bulkhead improvements.

For LStar Development Corporation, FXM prepared estimates of fiscal revenues and costs to the towns of Weymouth, Abington, and Rockland associated with build-out at Union Point, the ongoing redevelopment of the former South Weymouth Naval Air Station. LStar proposed an ambitious 20-year development plan that will include over 4,000 units of housing and over 4 million square feet of commercial development. FXM’s analyses found significant net fiscal benefits to each of the three towns. LStar and local officials found the analyses instrumental in advancing local zoning upgrades to permit a development program with commercial components (R&D, office, biotech manufacturing) significantly greater than envisioned in prior master plans.

For Vision Properties, FXM assessed potential fiscal revenues and costs to the Town of Dartmouth attributable to proposed undergraduate and graduate student housingassociated with UMass Dartmouth. FXM’s analysis found net positive fiscal revenues to the Town close to $300,000 annually.

As part of a consultant team headed by TetraTech, FXM is the economic consultant for MassDOT on the proposed $750 million MassPike I-90 Interchange Reconstruction and West Station transit project in Allston (Boston) MA. The project will affect an ambitious long-term development strategy by Harvard University as wells as major development initiatives at Boston Landing, Boston University, and elsewhere in the Brighton/Allston communities. It will have regional impacts on the area served by the MassPike. FXM is assessing the project’s effects on land use, jobs, household income, business sales, taxes.

Also for MassDOT, on a consultant team headed by Stantec, FXM is conducting the land use, and social and economic impact assessments of alternatives to improve traffic congestion in the vicinity of the Bourne and Sagamore Bridges crossing the Cape Cod Canal. The US Army Corps of Engineers is conducting its own studies to replace or continue maintaining the two roadway bridges, each of which was built in 1930s, and is a full participant in the MassDOT work.

FXM is completing work (2017) on the economic development components of Comprehensive Plansfor Brockton, Randolph, and Burlington, MA. FXM’s work includes:


FXM provided economic and fiscal impact assessments that assisted Boston Properties in advancing its proposed $1 billion-plus North Stationresidential, office, retail and public facilities development project, including negotiated real estate taxes with the City of Boston and I-Cubed financing from the State of Massachusetts.

For the City of Somerville, MA, FXM critically reviewed the market and economic impact assessments prepared by Wynn Resorts for their proposed casino in Everett and prepared an independent analysis of potential economic and fiscal impacts of the project within the City of Somerville. FXM’s analysis concluded that Wynn had overstated possible benefits to restaurant uses and property values in Somerville and that, in fact, the City would lose property and meals tax revenues as a consequence of the casino operations. While Somerville failed to prevail in arbitration, Wynn agreed to compensate the City for the annual tax losses estimated in FXM’s analysis.

For MassDOT’s Strategic Ports Development Initiative, on a team headed by AECOM, FXM assessed the economic contributions and growth opportunities of water-dependent commercial recreational uses (charter and excursion vessels, water taxis, cruise ships) and private recreational marinas in the five major seaports in Massachusetts (Gloucester, Salem, Boston, New Bedford, Fall River).

For the private business group Local Businesses for a Strong Cape Economy, FXM Associates prepared an independent assessment of potential economic and tax effects of a proposed Lowe’s Home Center in South Dennis. The FXM analysis determined that the proposed Lowe’s would result in negative net job creation, negative net municipal fiscal impact (taxes), negative net employee earnings, insurance and pension benefits; and no new services and products not already provided by existing Cape Cod retailers.  As a consequence of FXM’s report as well as its own independent assessment, the Cape Cod Commission rejected Lowe’s application, and Lowe’s terminated the project.

For The Pawtucket Foundation FXM prepared an assessment of market-driven opportunities for residential and commercial development within the Downtown/Riverfront Area of Pawtucket and Central Falls, RI. Using the market assessment and development pro forma prepared by FXM, the City of Pawtucket issued an RFP for development of a key riverfront site. A developer has been selected and, according to local officials, the development program mirrors that recommended by FXM.

For MassDevelopment and the New Bedford Economic Development Council, FXM Associates completed an assessment of market-driven opportunities for further development of residential and commercial uses in Downtown New Bedford. Since 2000, the city has seen significant rehabilitation of existing properties for both residential and commercial uses:

FXM’s analyses for downtown New Bedford identified significant additional potential for market rate residential development in the downtown as well as restaurant, retail, and office uses. FXM strongly urged local brokers and property owners to abandon their attempts to attract traditional office users (such as banks, lawyers, accountants, insurance companies) that have long been leaving the downtown. Instead, FXM recommended they focus efforts on offering inexpensive, unfinished or build-to-suit space for emerging creative economy and other small entrepreneurial businesses that want to be part of a vibrant walkable downtown, and are unable to afford space closer to Boston.

For the Quonset Development Corporation (QDC) FXM prepared an assessment of the economic and fiscal effects of the Port of Davisville on the Rhode Island Economy. The Port’s major tenant is NORAD, one of the largest importers of foreign autos to the US and a significant direct and indirect contributor to the state economy, as documented in FXM’s analysis. QDC used an earlier assessment byFXM to justify a significant investment in dredging intended to expand business opportunities and economic impacts attributable to NORAD and other port users. The study confirmed the efficacy of that investment in terms of increased employment, output, household income, and taxes within Rhode Island.