Assembly’s Edge

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.

Two new buildings proposed at edge of Assembly Row in Somerville

KEMS Corporation proposes to construct Assembly's Edge, a mixed-use development located adjacent to Somerville's Assembly Row featuring two buildings containing apartments, hotel rooms and retail space. One 13-story building would contain 180 hotel rooms, and a second 21-story building would contain 215 apartment residences ranging from one to three bedrooms. On Assembly's Edge's ground floor would be 9,515 square feet of retail and/or restaurant space, in addition to a new urban park. Assembly's Edge would be located minutes from the Assembly MBTA Orange Line station as well as Interstate 93, a short commute to Downtown Boston. KEMS has filed plans for Assembly's Edge with the City of Somerville, who is now reviewing the project.