1043-1059 Cambridge Street
Update
06/10/21
Approved Inman Square Development Trades Hands for $4.2M, Construction to Commence
418 Real Estate, LLC sold 1043-1059 Cambridge Street to 1043 Cambridge Street, LLC - a subsidiary of TCR Development - for $4,200,000. Approved for development by the City of Cambridge, TCR Development secured a construction mortgage for $11,850,000, kicking off redevelopment of the property.
Plans call for a 4-story mixed-use building approximately 29,000 SF with 4,300 SF ground floor retail space, 18 residential units, and 13 enclosed residential parking spaces. The site is currently home to the former University Monument building and the Automatic Cone warehouse, both will be demolished.
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