Real estate
Cambridge affordable housing projects to receive over $18 million in state and federal financing
Funding for affordable housing in Cambridge will get a boost, according to an announcement last week from Governor Maura Healey, whose administration released a list of grant recipients for $276 million in total financing for affordable projects statewide. According to the Massachusetts Executive Office of Housing and Livable Communities (EOHLC), $18.2 million of these funds […]
Porter Square developer sues Cambridge over 20% affordable housing requirement
The developer seeking to replace the Walgreens near Porter Square with a six-story, 71-unit apartment building is suing Cambridge, arguing the city is unconstitutionally withholding a building permit until it agrees to permanently set aside 20% of the development as affordable housing. Old North Development, led by developers Adam Siegel and Brendan Seaver, filed the […]
More homes hit Cambridge market as sales rise and prices hold steady
“I’m not ready to say that it’s a buyer’s market…yet,” said Joselin Malkhasian, president of the Greater Boston Association of Realtors, remarking on real estate trends in Cambridge this year as more homes have come up for sale while prices remain relatively stable. Read more MIT doctoral student wins $10,000 award for algorithm implemented by […]
Copper Mill drops Davis Square tower project
Years of planning, discussion and controversy around Copper Mill, a proposed 20+ story, 500-unit mixed-use tower in the heart of Davis Square, have come to naught. Read more Five Cambridge and Somerville climate tech companies receive state tax incentive Andrew Flynn, CEO of the developer, sent a letter to the Davis Square Neighborhood Council (DSNC) […]
Somerville mayor says Theatre needs to be part of Davis Square’s future
Somerville Mayor Jake Wilson is concerned about potential disruption to the Somerville Theatre as a result of its home, the Hobbs Building, being put up for sale and will work to make sure it continues its legacy. Read more Epic storytelling brings the original anti-hero to life “We are gearing up a planning process for […]
Somerville, Capital theater buildings put up for sale
The owner of 49-55 Davis Square in Somerville and 202-218 Massachusetts Avenue in Arlington has put the properties on the market, with an asking price of $12 million each. The buildings house the Somerville Theatre and Capital Theater, respectively, raising questions as to whether the vibrant local independent theater scene could be affected. Read more […]
Tenants nervous about CHA takeover face “no threat,” Fraden says
On May 8, The Cambridge Housing Authority sent a letter to the residences of 1648 and 1654 Massachusetts Avenue notifying them that they had acquired the building as part of a plan to create more affordable housing in the city. Read more School Committee bids farewell to student representatives Despite the letter, several current tenants […]