NorthPoint

Cambridge, Somerville, Boston, Ma

One of the largest remaining in-fill development sites in Boston/Cambridge, NorthPoint is a 45-acre master-planned site entitled for 5.2 million square feet of development.

• 20 Total Development Parcels

  • 2 residential condominium buildings completed (Sierra + Tango)

  • 1 multi-family residential building completed (Twenty|20)

• 17 remaining parcels

• 4.5 million SF of remaining development

  • 2.4 million SF of remaining residential development

  • 2.1 million SF of remaining commercial development

• 11 acres of open space

• Directly adjacent to MBTA Green Line and Orange Line

Key Results:

• With Canyon-Johnson Urban Funds, acquired a distressed site with unlimited upside potential at an attractive below market land basis

• HYM repositioned a broken site by updating the master plan and associated permits in Cambridge, Somerville and Boston, unlocking additional land value and increasing the site’s marketability

• Negotiated and closed on a land-exchange agreement with the MBTA to allow for the Green Line Extension to proceed, enabling the relocation of Lechmere Station to NorthPoint

• Designed, permitted and constructed the first multi-family residential building at NorthPoint, Twenty|20

• Positioned the remaining 17 fully permitted parcels totaling 4.5 million square feet for sale, one of the largest land transactions in the history of Greater Boston

• After selling its interest in the property in August 2015, HYM was engaged by DivcoWest, the new owner, as a key development advisor through 2018. HYM focused on master plan permitting and oversight of onsite infrastructure build out.