City Approves Next Step for $1B Union Square Redevelopment Near Boston
SOMERVILLE, MASS. — The Somerville Board of Aldermen approved rezoning to allow the city to move forward on a proposed $1 billion, 2.3 million-square-foot Union Square redevelopment project. Somervile is situated just northeast of Boston, adjacent to Cambridge.
The new mixed-use project would include 1.3 million square feet of new office and civic spaces, along with 2.5 acres of public and open spaces. City officials expect the project will create more than 5,000 new permanent jobs. The development will also provide housing, with 20 percent of the supply dedicated to low-income families.
In conjunction with the redevelopment, Somerville is working on a $2.3 billion Green Line extension, which would connect Union Square with surrounding neighborhoods and Boston through the train system.
The Union Square Station Associates (US2) is the City of Somerville’s master developer partner on the project. The association will make a $5.5 million public benefits contribution toward the Green Line project.
“Union Square’s proximity to Kendall Square, MIT and Harvard — one the densest innovation centers in the world — makes it poised for the next wave of economic growth,” says Greg Karczewski, president of US2. “We’re bringing 2.3 million square feet of new mixed-use, transit-oriented development to one of the hottest real estate markets.”
With zoning now in place, US2 will present its development plan for the Union Square revitalization parcel to the community during the coming months. Construction is scheduled to commence in 2018 and be completed before the opening of the new Green Line station in 2021.
— Nellie Day