Assembly’s Edge
Update
01/06/20
Somerville Development Site Mortgaged for $21 Million
The development site at 845 McGrath Highway in Somverille, MA has been mortaged by KEMS for $21 million via MountainOne Bank.
The proposed project will consist of two buildings located at the intersection of Middlesex Avenue and McGrath Highway at the edge of Somerville’s Assembly Row development containing residential, hotel and retail use. A 13-story building would contain a 180-room hotel, and a 21-story building would contain 215 apartment residences.
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