Assembly Innovation Park

Property Page

About the Assembly Innovation Park,

Assembly Row, Somerville, MA

Four-phase, 1.9 million square foot development of a 9.4-acre Assembly Row parcel largely comprised of surface parking into a mixed-use complex with a hotel, lab, office, residential and retail uses. An existing 195,000 square foot office building (Block 24) would be retained. Original plans called for 4 phases of development

  • Phase 1 (Block 21): Five-story mixed-use building containing a 188-room hotel, 147 residential units, and ground-floor retail facing public open space at the center of the site. Phase 1 would also construct 233 surface and subsurface parking spaces.
  • Phase 2 (Block 22): 20-story tower containing 14 stories and 480,000 square feet of Class A office/lab space above a six-story podium. The podium would contain two levels and 31,000 square feet of retail underneath four parking levels with 541 spaces.
  • Phase 3 (Block 23): Two 19-story, 1 million square foot office towers connected by a link. These towers would also sit above a retail and parking podium.
  • Phase 4 (Block 25): Five-story mixed-use building containing 72 residential units, 16,000 square feet of retail, and a 100-car parking garage

In March 2020, the applicant has proposed to amend the project with the following changes

- Removal of Block 25 (190,000 SF residential tower) from the previously approved PUD-PMP (PB2018-7) to enable an increase of the central publicly accessible civic open space to approximately 58,000 SF

-  A total of approximately 1,220,000 SF of office/lab/R+D within three distinct buildings, inclusive of approximately 80,000 SF of innovation space

- A total of approximately 329 residential units located in one distinctive building (PB2018-12) at Alta XMBLY

- A total of approximately 24,500 SF of ground-floor retail and/or Active-use spaces including restaurants,

- A 15,000 SF potential fire station,

- 1,899 on-site below- and above-grade structured parking spaces. The previously approved PUD-PMP’s (PB 2018-7) parking ratios were applied to the proposed development program to adjust the number of provided parking to the Amended PUD-PMP program. Additionally, 38 on-street City-metered parking spaces are proposed to be provided on Road K designated for the fire station, retail/restaurant, and active uses.

An updated site plan is below:

updated site plan xmbly

 

5 Middlesex Avenue Overview

Last Update: 03/20/24
FAR:
Permitted Construction:
Construction Status:
Sectors:
Loan Amount:

Organizations Working On 5 Middlesex Avenue

Engineers:
Developers:
Landscape Architects:
General Contractors:
Architects:
Marketing Agency:
Facade Services:
3D Renderings & Visualizations:

Contacts (Sign up for PRO to see this --> property's <-- 23 contacts)

Key Data, Images & News

Basic Details

Stories : **
Construction Cost : **********

PRO Data

Approved On : ********
Start Date : ********
Proposed Units : ***
Final Units : ***
FAR : ****
Price/SQFT of Acquisition Building : ******
Price/SQFT of Acquisition Land : *******
Building Cost/Sqft : *****
Sqft of Land : *******
Sqft of Retail : ******
Sqft of Office : *******
Sqft of Lab : *******
# of Parking Spaces : ***
Price per Door : *******
Previous Owner : *****************
Apts Units Available : ***
Commerical Parking Spaces : ****

Latest News 15

Aug 03, 2023

Construction Advancing for Phase 1 of Assembly Innovation Park

Read More >>

Mar 24, 2023

Framing Tops Off on First Assembly Innovation Park Tower

Read More >>

Mar 08, 2023

Permit Filed for Crane at Assembly Innovation Park Garage

Read More >>

Jan 11, 2023

Framing Underway on Phase-1 Assembly Innovation Park in Somerville

Read More >>