Hot Property: 100 Chestnut
The first new life sciences building in Somerville’s Brickbottom neighborhood is poised to get underway after receiving received $192.5 million in financing.
Brickbottom Primed for Wave of Development
Removal of Boston’s elevated Central Artery transformed downtown Boston, raising property values and development demand. Developers hope the same thing can happen when Somerville’s elevated McGrath Highway comes down.
Union Square Developer Buys McGrath Highway Site for $200M
The master developer of Somerville’s Union Square has paid $200 million for a cluster of industrial parcels that have been eyed for a 1.5 million-square-foot life science and hotel project.
Industrial Market Tightened in Q2
Greater Boston industrial rents spiked 4.4 percent in the second quarter as vacancies dipped below 5 percent, according to a brokerage report.
Somerville’s Curtatone Will Not Seek Reelection as New Boom Looms
Somerville Mayor Joe Curtatone announced Monday that he will not seek reelection.
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