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
  • HYM now serves as a key development advisor to the new owner, DivcoWest

 

NorthPoint was a stalled potential 45-acre mixed use development site straddled between Cambridge, Somerville and Boston with infrastructure, environmental, permitting and other major hurdles. Within two years of closing on the overall site, HYM cleared all major roadblocks, including achieving unanimous approvals on zoning and special permits within all three cities, which has repositioned the site to be the largest redevelopment in the three cities.
— David Maher, Former Mayor of the City of Cambridge