Newly Zoned Mixed Use Development Opportunity
Boston Realty Advisors is pleased to present the exceptional opportunity to acquire 205 Broadway, which is a mixed use residential opportunity in Somerville, Massachusetts. This location, walking distance from the soon-to-be-completed Gilman Square Green Line extension stop, and a half-mile from the Assembly Orange Line stop, provides residents with easy access to downtown Boston. The Green Line extension is expected to be completed and operational by late-2021. Additionally, I-93 is conveniently accessible from the property, allowing residents to easily navigate all of Eastern Massachusetts.
Somerville is conveniently located just over the Charles River from Boston, allowing for an effortless commute to Boston via multiple routes. The Green Line and the Orange line connect with the Commuter Rail and Blue, Red, and Silver lines, giving residents of 205 Broadway access to the entire MBTA system. Somerville is also home to one of the strongest development pipelines in all of New England. Between Union Square, Boynton Yards, Assembly Row, Cambridge Crossing, and Hood Business Park, there are thousands of residential units and over 10 million SF of office & lab space that will be delivered within the next decade. Residents will also have the opportunity to enjoy the current retail amenities of Assembly Row and the newly-constructed Encore Casino, which includes 15 bars and restaurants about 2 miles from the properties. 205 Broadway is currently un-permitted offering investors significant value-add potential.
205 Broadway is offered for sale on an un-priced basis.