News
MAGIC KEY TO CAMBRIDGE
October 11, 2011
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| To the late Red Auerbach, we apologize, but need to say that Wednesday was declared Magic Johnson Day in Cambridge. Yes, the former Lakers star was once the Celtics? on-court nemesis, but a few days ago he received a key to the city. Magic appeared as the wise and warm sponsor of the latest push to develop North Point as a $2B, 5M SF mixed-use development spanning Cambridge, Somerville, and a bit of Boston. At a reception under a sun-filled white tent, a humble and happy Magic got a warm reception amid a crush of fans. In contrast, he recalled, when he came to play the Celtics everyone from airline attendants to limo drivers wore Celtics caps. Sometimes, he says, he wondered if he?d make it to the hotel. |
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| Now the Canyon Johnson Urban Fund is in close company with Somerville Mayor Joseph Curtatone, Cambridge Mayor David Maher, and development partner Tom O?Brien representing the HYM-Atlas Capital, Pan Am partnership. The team hopes to start construction in ?12 on its first residential project, HYM partnerDoug Manz tells us, and the team is responding to office/labbuild-to-suit proposals on some of its 18 development parcels adjacent to East Cambridge. With the life science market hot, Doug says now is the time to raise the profile of the mega project, which has been decades in the making and remaking. |
