As the Medford branch of the MBTA’s Green Line Extension makes its long-anticipated debut today, the $2.3 billion transit project has already left its mark on the residential real estate market in Cambridge, Medford and Somerville.
Tufts University will develop a new on-campus residence hall across from the new MBTA’s Green Line Extension station in Medford for its first on-campus dorm project in nearly two decades.
Somerville’s Brickbottom is joining the ranks of local neighborhoods shedding their industrial pasts to accommodate life science expansion, spurring redevelopment of two warehouses as a new 200,000-square-foot lab complex.
Cummings Properties is proposing a 60,000-square-foot expansion of its Medford lab complex to meet spillover demand from life science companies.
The Grossman Companies of Quincy has acquired a Medford and Somerville apartment portfolio for $23.3 million from longtime family owners.
Columbia Property Trust is the latest institutional investor to bet on the growth of Somerville’s Boynton Yards.
Boston-based Leggat McCall Properties and DLJ Real Estate are proposing a 1.1 million-square-foot mixed-use development in Somerville’s Boynton Yards, where the developers already have begun construction of a speculative life science building.
Owners of a 7-year-old craft beer company are eyeing Somerville’s fast-transforming Boynton Yards neighborhood for their first brick-and-mortar location.
Real estate bordering the elevated section of Somerville’s McGrath Highway could see a transformation, as MassDOT prepares to remove the rusting McCarthy overpass.
The MBTA’s Fiscal and Management Control Board awarded a $1.08 billion design and construction contract for the long-awaited Green Line Extension project, the most concrete step yet for a project once thought to be at risk of falling by the wayside.
