In two years time, Westwood could see the long-standing Westwood Station project come to fruition.
The first phase of the newly-dubbed "University Station" project is expected to be completed in 2014, .
A partnership between New England Development, Eastern Real Estate, National Development/Charles River Realty Investors and Clarion Partners is working to acquire 130 acres of Westwood to develop the mixed-use development project to include retail, housing, office and hotel use, according to Friday's announcement.
The team involved is working on the initial stages of crafting a proposed master plan to submit to Westwood officials.
Westwood Patch will provide more information on the revamped project as it develops.