245 Elm Street Update 08/18/19

Scape Signs 99-Year Land Lease for $9.755 Million

British developer, Scape, has signed a 99-year land lease for 245 Elm Street in Somerville's Davis Square. The property features a 2 story 14,350 square foot brick building that was constructed in 1920. 

The developer has yet to release any details on plans for the site, however, noted that the popular Irish pub, The Burren, would not be impacted by the recent lease. Scape specializes in developing privately-run dorms and has recently proposed it's first development in the U.S., a 15-story building on Boylston Street in the Fenway.

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