21 Allen Street, Somerville, MA 02143

  • $7,950,000
21 Allen Street, Somerville, MA 02143
For Sale
21 Allen Street, Somerville, MA 02143
21 Allen Street, Somerville, MA 02143
  • $7,950,000

Overview

Property ID: HZ73211304
  • Land
  • Property Type
  • 17873
  • Sq Ft

Description

Land property in Somerville MA.

The Ropewalk is a 69-unit multi-family development in the heart of Union Square, adjacent to the newly opened MBTA Station. The arrival of the Green Line Transit Station has precipitated a rapid transformation of the Square. The Square’s $2 billion, 3.8 million SF master-planned development, coined USQ spans 20 acres and includes 2.4M SF of lab and innovation space,150,000 SF of retail and restaurant space, and 4.7 acres of vibrant open spaces. Phase I was delivered by Magellan Development in Q3 2023 with future phases set to break ground in 2024. Boynton Yards and Somerville Gateway which border Union Square to the east and south are complimentary master-planned developments adding a combined 4.1 million SF state-of-the-art life sciences/biotech, hotel, and retail spaces to the broader neighborhood. The project is in a qualified OZ and has been permitted as a Passive House project; set to achieve the highest level of sustainability. Approvals allow for either apartments or condos.

  • Address 21 Allen Street, Somerville, MA 02143
  • City Somerville
  • State/county MA
  • Zip/Postal Code 02143

Details

Updated on May 11, 2024 at 3:30 am
  • Property ID: HZ73211304
  • Price: $7,950,000
  • Property Size: 17873 Sq Ft
  • Property Type: Land
  • Property Status: For Sale
  • For Sale Property Type: Land

Additional details

  • Electric: At Street
  • Sewer: Public Sewer
  • Water Source: Public
  • Office Name: Fortune RE
  • Agent Name: Ryan Taylor

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