Totals

Total Square Footage 3,181,337
Total Dollar Volume $731,900,000.00

General

Established 2015
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Federal Realty is a proven leader in the ownership, operation, and redevelopment of high quality retail real estate in the country’s best markets. Built upon foundations of opportunity, we take a disciplined approach to every aspect of commercial retail real estate. Whether it's redevelopment, property management, or acquisitions, we make sound, strategic decisions based on solid demographics, broad experience, and stable resources. This has led to a high quality portfolio of assets. We turn commercial real estate into exciting destination retail centers that suit their exceptional locations.

Updates

Assembly Row Block 8
- Mar 24, 2020

Framing Nearly Complete for Assembly Row Block 8 Framing is nearly complete for the 525,000 square foot mixed-use property on Assembly Row Block 8. The property will include 500 new residences and approximately 26,500 square feet of restaurant and retail space, adding to Assembly Row's busy streetscape. Amenities for residents will include a 4th-floor courtyard with a pool & private patios and a rooftop outdoor terrace. Select residences would feature private terraces with sweeping views of Boston. 500 vehicle parking spaces, in addition to bicycle storage, would also be provided within the building for residents. Construction on the project will pause as of 3/27 per the City of Somerville's directive. Patrick McMahon, Senior VP, Regional Development at Federal Realty Investment Trust tells BLDUP, "we are fully complying with the city’s mandate and will continue to look for ways to support our community, including our residents, retailers, workers and neighbors."


455 Grand Union Blvd​
- Mar 24, 2020

Window Install Underway for 455 Grand Union Blvd. After topping off last month, windows are now going in at 455 Grand Union Boulevard in Assembly Row. The 267,387 square foot building will include 237,600 square feet of office space above approximately 29,700 square feet of retail and restaurant space. Over half of the office space has been leased to PUMA. Construction is expected to wrap up in January of 2021 but for now, construction will pause as of 3/27 per the City of Somerville's order. Patrick McMahon, Senior VP, Regional Development at Federal Realty Investment Trust tells BLDUP, "we are fully complying with the city’s mandate and will continue to look for ways to support our community, including our residents, retailers, workers, and neighbors."


455 Grand Union Blvd​
- Feb 11, 2020

455 Grand Union Boulevard Tops Off  Federal Realty Investment Trust celebrated the topping off of Assembly Row’s newest building at 455 Grand Union Boulevard today, honoring the hard work of Ironworkers Local 7. The steel roof beam was raised approximately 200 feet in the air and is one of the last of approximately 3500 tons of steel that was used in construction.  455 Grand Union is a 300K SF Class-A office building that will be anchored by Puma North America’s new corporate headquarters. The building will be completed in January of 2021.   


455 Grand Union Blvd​
- Feb 02, 2020

Framing Nearly Complete for PUMA HQ at Assembly Row Framing is nearly complete for 455 Grand Union Boulevard at Assembly Row, the future home of PUMA. The building will feature around 237,000 square feet of office space along with nearly 30,000 square feet of retail and restaurant space. PUMA announced last January they will lease 150,000 square feet at the project. Construction is expected to be complete in early 2021.


Assembly Row Block 8
- Jan 02, 2020

Facade & Window Install Underway for Assembly Row Block 8 With framing ongoing, facade and window install has kicked off on the lower floors of Assembly Row Block 8. The mixed-use project will feature 500 residences and approximately 26,500 square feet of restaurant and retail space. Multiple amenities will be located on-site for residents, including a 4th-floor courtyard with a pool & private patios and a rooftop outdoor terrace.


455 Grand Union Blvd​
- Nov 08, 2019

Work Continues on 455 Grand Union Blvd Construction is ongoing for 455 Grand Union Blvd in Somerville. The project being developed by Federal Realty Investment Trust will include around 237,600 square feet of office space, 150,000 of which will be home to Puma North America. Office space will accommodate an open floor plan layout with abundant natural lighting and sweeping views. Communal roof terraces will be located on the building’s 6th and 13th floors. Additionally, 6-levels of open-air parking will be constructed within the building's footprint.


Assembly Row Block 8
- Nov 08, 2019

Work Continues on Assembly Row Block 8 Construction is ongoing for Assembly Row Block 8 in Somerville. Assembly Row Block 8 is a 24-story building featuring 500 new apartments, and approximately 26,000 square feet of restaurant and retail space. Multiple amenities will be located on site for residents, including a 4th floor courtyard with a pool & private patios, a rooftop terrace, almost 300 parking spaces and bike storage. 


455 Grand Union Blvd​
- Sep 04, 2019

Steel Framing Underway for New Puma HQ at Assembly Row Steel framing has started for the upcoming office/retail building at 455 Grand Universal Blvd, the future home to Puma HQ. The building will include around 237,000 square feet of office space on the upper floors with nearly 30,000 square feet of retail and restaurant space below. Construction is expected to be complete in early 2021.


455 Grand Union Blvd​
- Jul 09, 2019

Cores Climbing for 455 Grand Union Blvd Two concrete cores are climbing for what will be a 267,000+ square foot commercial building at 455 Grand Union Boulevard in Assembly Row. The project will include around 237,600 square feet of office space, 150,000 of which will be home to Puma North America. Approximately 29,000 square feet of retail and restaurant space and parking for 550 cars will round out the project. Not only will Puma's 450 employees have access to Assembly Row's many shopping, dining, and entertainment destinations but the Grand Union building will include communal roof terraces on the 6th and 12th floors. Construction is expected to be complete in early 2021.


Assembly Row Block 8
- Jul 09, 2019

Steel Framing Kicks Off for 500 Unit Residential Building at Assembly Row Steel framing has kicked off for the next residential project at Assembly Row on Block 8 of Somerville's live, work, play destination, The Block 8 project is set to include 500 residential units along with around 26,000 square feet of restaurant and retail space. Multiple amenities will be located on-site for residents, including a 4th-floor courtyard with a pool & private patios and a rooftop outdoor terrace. 


455 Grand Union Blvd​
- May 07, 2019

Work Begins on Core for Future Puma Headquarters at Assembly Row Work has started on the core for the upcoming 300,000 square foot commercial building at 455 Grand Union Blvd in Somerville's Assembly Row. The nearly 300,000 square foot commercial building will be home to Puma North America, who announced in January they will lease 150,000 square feet of space within the project. The Class A office building will feature 550 dedicated parking spaces and approximately 25,000 SF of ground floor retail. PUMA is expected to occupy 455 Grand Union Boulevard in early 2021 with 450 employees relocating from offices in Boston and their current headquarters building in Westford, Massachusetts.


Alloy at Assembly Row
- May 02, 2019

Federal Realty Investment Trust Increases Sustainability Efforts with Beekeeping Partnership Hyperlocal Honey Available To Visitors While The Bee Population Improves Federal Realty Investment Trust has announced it is joining with The Best Bees Company’s network of client partners committed to making a positive impact on local bee health and advancing global pollinator research. At the outset, three FRT properties – Assembly Row in Somerville, Mass; Linden Square in Wellesley, Mass. and Fresh Meadows in Queens, NY are hosting the colonies of Italian honeybees, which can travel anywhere between 3-5 miles from their beehives to forage. The bees are vegan and subsist on a strict diet of nectar and pollen.  Each property has a hospitality partner that will incorporate the hyper-local honey into menus and special offerings. -Assembly Row: The two beehives are located in a protected alcove of off the 2nd floor “green” rooftop well at the Row Hotel at Assembly Row -Linden Square: In Wellesley, the honey will be incorporated into the menus at Door Number 7 and The Cottage -Fresh Meadows: Partner Blaze Pizza will create a special item with the honey “The addition of the bees to our properties helps show our connection to the community and our support of our partner The Best Bees Company’s commitment to saving the bee population,” said Matt Ehrie, Vice President of Asset Management for Federal Realty Investment Trust. “We are excited to see how the harvested honey can be incorporated into a variety of products and menus.” There are a number of environmental benefits to this partnership, including defending against the continuing loss of habitat and improving pollinator health by using our beehives as a data point. By hosting the colonies, and using the honey in local products, FRT is demonstrating the company’s commitment to the environment while offering something new and unique for our shoppers. Otherwise unused rooftop and ancillary spaces are now activated and being put to good use.    


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Projects

Chelsea Commons
Assembly Row Block 8
455 Grand Union Blvd​
Alloy at Assembly Row
Partners Healthcare at Assembly Row
Montaje