Somerville Developments

Vagabond

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Somerville Development Q&A September 11

NAIOP is hosting a breakfast with the Mayor and the big developers of the major somerville projects.

Intro: Mayor Joseph Curtatone
Moderator: Molly Heath, Managing Director, JLL

Panel:
Rob Dickey, EVP, Leggat McCall Properties (Boynton Yards)
Greg Karczewski, President US2 (Union Square)
Patrick McMahon, SVP, Federal Realty Investment Trust (Assembly Row)
Jordan Warshaw, President, The Noannet Group (Cambria Hotel)

https://web.naiopma.org/events/TheSomerville Surge-597/details
 

George_Apley

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Somerville Development Q&A September 11

NAIOP is hosting a breakfast with the Mayor and the big developers of the major somerville projects.

Intro: Mayor Joseph Curtatone
Moderator: Molly Heath, Managing Director, JLL

Panel:
Rob Dickey, EVP, Leggat McCall Properties (Boynton Yards)
Greg Karczewski, President US2 (Union Square)
Patrick McMahon, SVP, Federal Realty Investment Trust (Assembly Row)
Jordan Warshaw, President, The Noannet Group (Cambria Hotel)

https://web.naiopma.org/events/TheSomerville Surge-597/details
This one will be interesting. Guessing there will be a lot of attention due to the news out of both anchor squares.
 

Ruairi

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It does. I just wish we could look forward to a more attractive setting on McGrath before about 2030.
6k a month to rent an apartment on McGrath highway with the world and his wife doing U turns outside your window because Washington st. bridge is closed. That's a whole lotta money!
 

Equilibria

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6k a month to rent an apartment on McGrath highway with the world and his wife doing U turns outside your window because Washington st. bridge is closed. That's a whole lotta money!
Not to mention that if you own a car, the outlet is right at the top of the McGrath/Washington offramp. Hope you have some spare driver's side doors...
 

George_Apley

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6k a month to rent an apartment on McGrath highway with the world and his wife doing U turns outside your window because Washington st. bridge is closed. That's a whole lotta money!
I would say they'll have a hard time renting those big, expensive 2br units... but they probably won't... it seems the nouveaux riche of Boston don't mind spending big bucks for relative shit...

That said, $2100 for a 1br is right in the average for the neighborhood.
 

Equilibria

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Somerville Development Q&A September 11

NAIOP is hosting a breakfast with the Mayor and the big developers of the major somerville projects.
I've posted summaries for Assembly and Boynton already on those threads. For the Cambria hotel, he showed a couple of interior renders that I don't think I'd seen. Developer was approached by Choice Hotels specifically about that site - Choice has been building Cambria brand from scratch to get a higher-end option for their loyalty club members. Attractive because of proximity to Greentown Labs. Hired Cambridge Seven to get something quirky. Had nothing but compliments for the neighbors (a trend at this event) - the hotel is designed with a large lobby and restaurant with outdoor seating so that neighbors can activate the space. Everyone was delivering their projects in the late 2020-2021 time frame.

Greentown might be a draw, but strangely he didn't mention Harvard, which I'd imagine is the real reason Choice wanted a hotel there. It's at the foot of Park St and easy walking distance from the business end of campus.

On the event more generally - everyone talked up bike/ped, parking maximums (the guy from FRIT looked forward to when they could propose buildings at Assembly with no parking at all), and community support for urban-style development.
 

sm89

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On the event more generally - everyone talked up bike/ped, parking maximums (the guy from FRIT looked forward to when they could propose buildings at Assembly with no parking at all), and community support for urban-style development.
It's nice to know that FRIT would prefer no parking with their future buildings. Does anyone know why Assembly has such horrible bike infrastructure? Huge roadways with on street bike lanes with new construction really isn't a thing anymore. Were the street layouts just planned 10+ years ago? Also, the only BlueBikes station is on MBTA property. Why can't FRIT find some space for at least two more stations?
 

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