Greystar Showcases Plan for 1.4M SF Life Sciences Hub & Hotel in Somerville

Real estate giant, Greystar, is making headlines once again with its ambitious proposal for a 1.4 million square foot mixed-use project in the thriving Assembly Square neighborhood of Somerville. This project, which includes lab space, a hotel, and retail, is set to further enhance the area's reputation as a booming life-science corridor and mixed-use hub.

A New Chapter in Assembly Square

Greystar has officially submitted an environmental notification form to the Massachusetts Environmental Policy Act Office, detailing its plans for a significant development at 20-23 Cummings St. The project is set to include 1.4 million square feet of space, divided between lab facilities and a hotel.

Project Details

The proposed project is divided into three main components. The lion's share of the development, 1.25 million square feet, will be dedicated to two 20-story lab buildings. These towers will bolster the area's growing reputation as a life-science hub. In addition, the project includes a 162,000 square foot hotel with 200 rooms, providing accommodation options for visitors and professionals in the area.

Revitalizing the Neighborhood

The proposal also includes plans for 11,000 square feet of retail space. This addition will further contribute to the mixed-use character of the Assembly Square neighborhood, which is already home to a variety of shops, restaurants, and residences. The project aims to revitalize the site to match the vibrant context of its surroundings.

Conclusion

Greystar's proposed development is a testament to the ongoing growth and transformation of the Assembly Square neighborhood. As the area continues to evolve into a bustling life-science corridor and mixed-use hub, this project is poised to make a significant contribution to the local economy and community.