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845 McGrath Highway, Somerville, MA
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845 McGrath Highway
Somerville, MA 02145 - Somerville/Everett Submarket
For Sale Price:
Commercial, Retail, Office, Mixed Use, MultiFamily, Hotel
Previously developed lot
Prime Development Parcel | 845 McGrath Highway offers investors and developers a 24,038 square foot development site strategically situated in Somerville’s Assembly Square neighborhood. The site offers developers numerous benefits such as visibility from heavily trafficked I-93, multiple
development options, and countless area retailers and amenities at centers such as Assembly Square Market Place, Assembly Row (under construction), Gateway Center and Station Landing in the immediate area.
On the Row | 845 McGrath Highway is located directly adjacent to the on-going $1.6 billion Assembly Row development. When completed Assembly Row is set to include a new MBTA Orange Line T station, six-acre waterfront park, 500,000 square feet of retail, 1.75 million square feet of office/lab, 2,100 residential units, 200-room boutique hotel, and over 4,000 parking spaces, totaling 5 million square feet of new development.
Multiple Development Scenarios | Owing to the area’s high demand for all product types, 845 McGrath Highway provides a wide spectrum of development opportunities including residential, hotel, retail, office, and many other uses.
Additional FAR | The parcel is within the Assembly Square Mixed-Use District (ASMD) allowing a by-right F.A.R. of 1.0 and the potential for developers to build up to an F.A.R. of 10.0 if permitted as part of a Priority Development Process.
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The Stubblebine Company
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