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HYM Investment Group Breaks Ground At Cambridge Apartment Complex

NorthPoint Rendering The HYM Investment Group held a groundbreaking this morning to celebrate the start of a longtime-coming apartment building at NorthPoint in Cambridge, adjacent to the Lechmere T station.

The company has begun construction on the 355-unit, 20-story multifamily property that the developer is calling TWENTY|20, a 450,820-square-foot luxury residential tower.

The property is the newest addition to the real estate investment firm’s 45-acre property near the Cambridgeside Galleria Mall, which, when finished, can accommodate 5.2 million square feet of commercial space in East Cambridge.

The first units at the 20 Child St. building should be finished in April 2015. The property will have a mix of units, from studios to three-bedroom apartments.

The company’s mixed-use development scheme for the 45 acres was approved by the city of Cambridge in 2003, with 11 acres set aside for open space.

Commercial & Industrial