SOMERVILLE, MA-The city’s redevelopment authority has approved a major change to the Assembly Square Revitalization Plan to develop the 145-acre Assembly Square. The city wants to see a mixed-use development on the former largely industrial area and in order to do that it will lay claim to four sites under the law of eminent domain.

According to Sean Fitzgerald, spokesperson for city Mayor Dorothy Kelly Gay, the four industrial properties include: Amerigas Propane, which is 22,000-sf; Central Steel, which is 73,000 sf; Spaulding Brick, which is 70,000 sf; and, Green Cab which is 24,000-sf. Fitzgerald tells GlobeSt.com that the city will pay fair market value for the sites, which will be determined by the city’s assessor’s office.

“[The owners of the site] have an option to pursue litigation but we have attempted to reach out to them,” says Fitzgerald. “Land takings are difficult but if the site is going to change from long term industrial to mixed use these properties have to be acquired.” Fitzgerald stresses that the sites are centrally located to the new MBTA stop and he further emphasizes that the plan to redevelop Assembly Square will contribute to the city’s tax base. “The times have changed and the area needs to change with the times,” he adds. Fitzgerald further points out that Taurus New England and Gravistar factored these land takings into their plans when the companies, who are major developers of the Assembly Square area, jointly acquired a nearby site.

The land takings are scheduled to begin within two years and will continue over the next five years. The changes need to be approved by the city’s Board of Aldermen and then by the state.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.