The City of Somerville and the Somerville Redevelopment Authority (SRA) have issued a Request for Proposals (RFP) for an experienced development team to redevelop 90 Washington St., a nearly four-acre site that represents one of the largest remaining transit-proximate redevelopment opportunities in Somerville. The Boston suburb is seeking a partner capable of delivering a dense, mixed-use project that includes housing, activated ground-floor commercial space and publicly accessible open space.
The SRA acquired the property by eminent domain in 2019 for $8.8 million, initially planning a public safety facility and complementary private development. Following litigation, a court ruling increased the property’s value to $35.3 million plus interest.
In January 2025, the city shifted its strategy to offer the full parcel for private redevelopment. The parcel at 90 Washington St. is currently zoned for civic use; the city will work with the developer to rezone it.
The deadline for proposals is April 10. The SRA intends to select a development partner by July 13.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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