Davis353 Update 09/10/17

Construction of Davis353, 29 new Davis Square condominiums, now underway


Work on the foundation of Davis353, a 29-unit luxury condominium development in Davis Square, is now underway. Developer The Maggiore Companies of Woburn, MA secured $11.6 million in construction financing for the project in August through Cambridge Savings Bank, allowing the project to proceed. Maggiore acquired the Davis353 site, located at 353 Summer Street in Somerville, with necessary approvals to build the project from developer Dakota Partners last February for $2.25 million. Davis353 will open in 2019 and feature luxurious residences with wide plank engineered hardwood flooring, crown moldings, stainless steel appliances, quartz countertops, under cabinet lighting and garage parking. Sales of Davis353 residences will commence in the coming months. As part of the project, a two-story, 8,300-square-foot commercial building home to a VFW Post club and function hall will also be constructed on site.

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