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The developer whose permit to build a four-story, mixed-use, 334-unit rental apartment complex at 135 Wells Ave. was denied by Aldermen and could be headed for litigation is offering $3 million in incentives to move forward with the project, The TAB’s Jim Morrison reports.

[Cabot Cabot and Forbes] offer includes $1 million to redesign and rebuild the intersection of Wells Avenue and Nahanton Street, $1 million for the Board of Aldermen to spend on affordable housing in Newton at its discretion, participation in new Wells Avenue commercial development to include $750,000 for infrastructure and traffic improvements, the operation of a shuttle service for the development, and other, smaller payments to the city.

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