Friday, July 6, 2007

NorthPoint Project Stalled


NorthPoint is an ambitious, $1 billion project to create an entire neighborhood out of thin air. Currently the site of an abandoned railyard, new residential, commercial and retail space will be built, bringing 24-hour life to an otherwise quiet area of East Cambridge.

There are two buildings currently under construction - 230 units within Tango and Sierra. Each building has its own style and design. Many of the features include wide open floor plans, large walk-in closets in the bedrooms, bamboo floors throughout the living and dining areas, and designer kitchens with stainless steel steel appliances, Arclinea cabinets and Zodiaq countertops.
However it seems that only 2 of the promised 20 buildings might be built. The majority owner of the land on which the project would be built is suing the minority owner, as well as the real estate company managing development, construction, and leasing of the project.

NorthPoint, if completely developed, would encompass 2.2 million square feet of commercial and retail space, about 2,500 residential units, and garage space for 5,000 vehicles. The property straddles Somerville, Cambridge, and Boston near the Lechmere Green Line subway station. A new station was to be built, as well, leading on to an extended Green Line to Medford.
So far, only the two of over twenty proposed buildings have broken ground; the first of these is scheduled for completion this June and the other at the end of the year. Read more about the legal problems here: http://business.bostonherald.com/businessNews/view.bg?articleid=1009873

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