84,868 sf available - loopnet · assembly row was a major milestone for somerville’s commercial...
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84,868 SF AVAILABLE
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28 FITCHBURG STREET
SOMERVILLE MARKET OVERVIEWThe Property is located in the City of Somerville, the most densely populated community in New
England consisting of only 4.2 square miles and 78,901 residents. Known for its unique mix of
families, young professionals and students, Somerville has become a hotbed of innovation and
arts built upon its proximity to MIT, Harvard University and Tufts University, three well-respected
educational institutions.
Greentown Labs, the largest cleantech startup incubator in the U.S., relocated to Union Square
from Boston’s Seaport District, seeking to capitalize on Somerville’s emerging technology scene.
Additionally, the City’s growing selection of restaurants, bars and entertainment options in Davis
Square, Assembly Row and Union Square has invigorated the nightlife scene.
The $2.3 Billion Green Line Extension
Project will extend the subway from
a relocated Lechmere Station in
East Cambridge to Union Square in
Somerville and College Avenue in
Medford. The project was approved
in April 2017 by the Federal Transit
Authority with $1 Billion in federal
funding and is scheduled for
completion by 2021, with the first
station in Union Square opening that
summer.
28 Fitchburg Street will benefit from
the greatly improved local and regional
mobility, as trains will operate every
five to six minutes in peak rush-hour,
providing fast and efficient service
to and from downtown Boston. The
project, once completed, will feature
over 4 miles of light rail service and six
new MBTA stations.
GREEN LINE EXTENSION
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84,868 SF AVAILABLEUNION SQUARE REDEVELOPMENTUnion Square, located steps from 28 Fitchburg
Street, is the largest and most vibrant commercial
neighborhood in Somerville, hosting an eclectic mix
of artisanal foods, exercise outlets and exciting social
clubs. The area was recently approved for zoning
changes that will allow a mixed-use, transit-oriented
development to commence in 2018. Master developer
US2 will undertake the $1 Billion project as it is built out
in several phases over the next decade. At completion,
the project will total 950 residences, 1.38 Million SF of
office, lab, retail, hotel and arts space, all centered on
the future Union Square Green Line station.
The development is estimated to generate more than $10 Million in annual tax revenue and permitting fees for the City,
while creating over 5,000 new permanent jobs and 4,000 construction jobs.
NORTHPOINTLess than a mile from 28 Fitchburgh Street is the largest remaining master-
planned in-fill development site in the Boston metro area. NorthPoint spans
45-acres and is entitled for over 5 Million SF of development. Currently
under construction by DivcoWest, two residential and multifamily buildings
have already delivered, with the 17 remaining parcels consisting of 2.4
Million SF of residential and 2.1 Million SF of commercial space, in addition
to 11 acres of open area adjacent to the MBTA Green and Orange Lines.
NorthPoint is transforming the once forgotten former rail yard into a first-
class destination for tenants and residents alike.
ASSEMBLY SQUAREThe largest development to date to invigorate and
modernize the City of Somerville was Federal Realty’s
Assembly Row. Combined with the existing Assembly
Square marketplace, once completed the district
will include almost 1 Million SF of premium retail and
restaurant space, 3 Million SF of office, a 160-room hotel,
almost 2,000 state-of-the-art residences and a six-acre
waterfront park, altogether spanning 40 acres of land
that is easily accessible via the MBTA Orange Line and
right off Exit 28 of I-93. Partners Healthcare’s decision
in 2013 to move their headquarters into 825,000 SF at
Assembly Row was a major milestone for Somerville’s commercial real estate market.
About Federal Realty For twenty years, the Trust has been a leader in creating urban style projects with retail as the focal point of the neighborhood. High-density, mixed use projects are complex. To be success- ful it takes a hands-on manager who understands and prioritizes the needs of retail tenants. Federal Realty focuses on the details including access, signage, parking, merchandising mix, loading, visibility, storefront design standards, column spacing, ceiling heights, marketing and architecture. The Trust has all of this expertise in-house and can execute better than anyone in the industry. More importantly, it allows tenants to spend their valuable time focused on their business. A trusted partner, a good investment.
19
“It was not whether we were going to help
with this project, it was how. This is the
poster child for what we should be doing
across the Commonwealth.”
- Jay Gonzalez, secretary of administration and �nance for Governor Deval Patrick
14
Full Build with Marketplace:
| 972,000 SF Retail
|
| 1,700 Apartments
| 122 Condos
| 160-Key Independent Hotel
| 11,900 Parking Spaces
| Assembly Row T Station
| 6 Acre Waterfront Baxter Park
1218
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MT AUBURN ST
WESTERN AVE
PEARL
ST
SIDN
EY S
T
WIN
DSO
R ST
PORT
LAN
D S
T
BROADWAY
HAMPSHIRE ST
PRO
SPEC
T ST
CAMBRIDGE ST
LINE ST
CLARK ST
SOMERVILLE AVE
PORTER ST
ALL
EN S
T
L INW
OO
D ST
BOSTON STM
UNROE ST
TUFTS ST
GLE
N S
T
FRA
NK
LIN
ST
WASHINGTON ST
CH
ESTNU
T ST
INN
ER BELT RD
CAMBRIDGE ST
THORNDIKE ST
GORE ST
BINNEY ST
ROGERS ST
BENT ST
3RD
ST
MAIN ST
ALBANY ST
CAMBRIDGE ST
PHILL IPS ST
MYRTLE ST
JOY
ST
EDW
IN H
LAN
D BLV
D
STATE ST
1S
T S
T
SUMMER ST
BEACON
ST
WENDELL ST
HA
NSO
N ST
LAKE ST
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LNU
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LAU
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ST
IRVIN
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WA
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NC
OC
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ESSE
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NO
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CO
LUM
BIA
ST
AN
TRIM
ST
TREM
ON
T ST
ELM
ST
WIN
DSO
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B INNEY ST
BROADWAY
BERK
SHIR
E ST
FULK
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ON
ST
7TH
ST
CA
RDIN
AL
MED
EIRO
S A
VE
WEST ST
PLEA
SAN
T ST
WILL IAM ST
PACIFIC ST
ALLSTON ST
BA
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HARVARD ST
SCOTT S
TFRAN
CIS A
VE
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FOR
D S
T
K IRKLAND ST
MA
SS
AC
HU
SET
TS
AV
E
PEARL ST
BUNKER HILL ST
SULLIVAN ST
SCH
OO
L ST
POLK
ST
TREMONT ST3RD A
VE
CANAL ST
CROSS STNEW CHARDON ST
1ST AVE
PERKINS STSOMERVILLE AVE MEDFORD ST
MA
IN ST
TOBI
N M
EMO
RIAL
BRID
GE
MEDFORD S T
SO
LDIE
RS
FIE
LD R
D
PUTN
AM
AV
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R IVER ST
MASSACHUSETTS AVE
STA
NIF
ORD
ST
LONGFELLOW BRIDGE
MEMORIAL DR
COMMERCIAL ST
PARK
ST
DA
NE
ST
WASHINGTON STBO
W ST
CRO
SS S
T
M
AIN ST
CAMBRIDGEPORT
EASTCAMBRIDGE
CAMBRIDGE
CHARLESTOWN
SOMERVILLE
WEST END
BEACON HILL
NORTH END
CH
AR
LES
RIV
ER
HARVARD YARD
CHARLESTOWNCOMMUNITY
CENTER
MASSACHUSETTSINSTITUTE OF TECHNOLOGY
NORTHPOINT PARK
LEDERMANPARK
LESLEYUNIVERSITY
HARVARDUNIVERSITY
BOSTON
UNION SQUARE
KENDALL SQUARE
INMAN SQUARE
NORTHPOINT
HOOD BUSINESS PARK
ASSEMBLY ROW
LECHMERESTATION
WASHINGTON STREET
STATION
UNION SQUARESTATION
<0.5 M
ILES
1
2
3
93
93
3
3
1
1
2
3
2A4
6
5
7
8
9
10
11
12
13
Walk Score
91Transit Score
76Bike Score
81
WALKABLE & BIKEABLE AMENITIES: Within a 5-minute walking radius, there are numerous retail, dining, residential and hotel offerings including both eclectic, local options in Union Square and Inman Square, as well as convenient mass retail at nearby Twin City Plaza and a Super Target.
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MT AUBURN ST
WESTERN AVE
PEARL
ST
SIDN
EY S
T
WIN
DSO
R ST
PORT
LAN
D S
T
BROADWAY
HAMPSHIRE ST
PRO
SPEC
T ST
CAMBRIDGE ST
LINE ST
CLARK ST
SOMERVILLE AVE
PORTER ST
ALL
EN S
T
L INW
OO
D ST
BOSTON STM
UNROE ST
TUFTS ST
GLE
N S
T
FRA
NK
LIN
ST
WASHINGTON ST
CH
ESTNU
T ST
INN
ER BELT RD
CAMBRIDGE ST
THORNDIKE ST
GORE ST
BINNEY ST
ROGERS ST
BENT ST
3RD
ST
MAIN ST
ALBANY ST
CAMBRIDGE ST
PHILL IPS ST
MYRTLE ST
JOY
ST
EDW
IN H
LAN
D BLV
D
STATE ST
1S
T S
T
SUMMER ST
BEACON
ST
WENDELL ST
HA
NSO
N ST
LAKE ST
QU
INC
Y ST
WA
LNU
T ST
LAU
REL
ST
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NC
OC
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ESSE
X ST
NO
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CO
LUM
BIA
ST
AN
TRIM
ST
TREM
ON
T ST
ELM
ST
WIN
DSO
R ST
B INNEY ST
BROADWAY
BERK
SHIR
E ST
FULK
ERS
ON
ST
7TH
ST
CA
RDIN
AL
MED
EIRO
S A
VE
WEST ST
PLEA
SAN
T ST
WILL IAM ST
PACIFIC ST
ALLSTON ST
BA
NK
S S
T
HARVARD ST
SCOTT S
TFRAN
CIS A
VE
OX
FOR
D S
T
K IRKLAND ST
MA
SS
AC
HU
SET
TS
AV
E
PEARL ST
BUNKER HILL ST
SULLIVAN ST
SCH
OO
L ST
POLK
ST
TREMONT ST3RD A
VE
CANAL ST
CROSS STNEW CHARDON ST
1ST AVE
PERKINS STSOMERVILLE AVE MEDFORD ST
MA
IN ST
TOBI
N M
EMO
RIAL
BRID
GE
MEDFORD S T
SO
LDIE
RS
FIE
LD R
D
PUTN
AM
AV
E
R IVER ST
MASSACHUSETTS AVE
STA
NIF
ORD
ST
LONGFELLOW BRIDGE
MEMORIAL DR
COMMERCIAL ST
PARK
ST
DA
NE
ST
WASHINGTON ST
BOW
ST
CRO
SS S
T
M
AIN ST
CAMBRIDGEPORT
EASTCAMBRIDGE
CAMBRIDGE
CHARLESTOWN
SOMERVILLE
WEST END
BEACON HILL
NORTH END
CH
AR
LES
RIV
ER
HARVARD YARD
CHARLESTOWNCOMMUNITY
CENTER
MASSACHUSETTSINSTITUTE OF TECHNOLOGY
NORTHPOINT PARK
LEDERMANPARK
LESLEYUNIVERSITY
HARVARDUNIVERSITY
BOSTON
UNION SQUARE
KENDALL SQUARE
INMAN SQUARE
NORTHPOINT
HOOD BUSINESS PARK
ASSEMBLY ROW
LECHMERESTATION
WASHINGTON STREET
STATION
UNION SQUARESTATION
<0.5 M
ILES
1
2
3
93
93
3
3
1
1
2
3
2A4
6
5
7
8
9
10
11
12
13
Walk Score
91Transit Score
76Bike Score
81
Twin City PlazaCambridgeSide GalleriaSuper TargetAssembly Row
Cambridge Street RestaurantsKendall SquareUnion SquareInman Square
Lechmere T Stop Kendall Square T StopFuture Union Square T StopFuture Washington St T StopSullivan T Stop
Twenty |20 ApartmentsZinc ApartmentsAvalon NorthPointMillbrook LoftsMillers River Apartments
Shop
Dine
Move
Live
123
678
910
5
4
WALK AND BIKE WAY
111213
WITHIN A ONE MILE RADIUS:
55+ Restaurants & Cafes
2 Bike Shops
129+ Total Retailers
2,849+ Apartment Units
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CHARLESTOWN
T
MCG
RATH
HIG
HW
AY
1
T
Avalon North PointApartments
BOSTONHARBOR
TWIN CITY PLAZA
200 INNER BELT
NorthPointDevelopment Area
2.1M SF Commercial Space3,000 Residential Units
11 Acres Open Space
Future location of ArtFarm - Somerville’s proposal for a
self-sustaining art and urban agriculture laboratory.
CAMBRIDGE STREET
T
ACCESSIBILITY
A
B
GREEN LINE EXTENSIO
N/BIKE PATH
Brickbottom Artists Association
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UNION SQUARE
GOLD STARMOTHERS PARK
CAMBRIDGE STREETDONNELLY
FIELD
KENDALLSQUARE
CHARLES RIVER
LONE STAR TACO BAR
5 -15 MINUTE WALK
BOSTON
EASTCAMBRIDGE
SOMERVILLE
T
INMAN SQUARE
KENDALL SQUARE
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INDUSTRIAL SPACE AVAILABLE
84,868 SF OF
Level 2: ±7,659 SF
Level 1: ±50,161 SFA: 24,320 SFB: 25,841 SF
Lower Level: ±27,048 SF
AB
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Building Area ±84,868 SF
Total Avail. SF ±84,868 SF
Building A ±24,320 SF
Building B ±60,548 SF Warehouse ±25,841 SF Office ±7,659 SF Lower Level ±27,048 SF
Land Area ±2.6 acres
Ceiling Height Building A ±27’ clear Building B ±34’ clear Lower Level ±10’ clear
Loading Building A To be added Building B 4 loading docks (Expandable)
Parking ±28,627 SF paved lot ±85 surface spaces available
Bay Spacing Various
Floors Reinforced concrete slab
Utilities Water City of Somerville Sewer City of Somerville Electric Eversource* Gas Eversource*
Power 800 A / 480v 3p 4w
Lighting T-5 on sensors
HVAC Warehouse 100% heated Office Full A/C and Heat
Sprinklers Wet system
BUILDING SPECS
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FLOOR PLANS
BUILDING A±24,320 SF
FU
TU
RE
LO
AD
ING
DR IVE IN
30 ’ 8 ”
48
’8”
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BUILDING BLEVEL 1 ±25,841 SF
BUILDING BLOWER LEVEL ±27,048 SF
BUILDING B LEVEL 2±7,659 SF
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Rob ByrneManaging Director+1 617 204 4113
Scott GredlerSenior Director+1 617 204 5975
Philip VerreAssociate+1 617 204 4124
CONTACTS: