BOSTON: $500M University Station Breaks Ground
New England Development and its partners this week broke ground on the 2.1M SF, $500M mixed-use University Station project in Westwood.Ã It'll fill a huge hole in an underserved retail market, NED EVP Douglass Karp tells us. The 130-acre site is adjacent to a commuter rail station and where I-93 and Rt. 128 meet in a high-income community. NED, Eastern Real Estate, National Development, Charles River Realty Investors, and Clarion Partners plan to build 750k SF of retail, 350k SF of office, 650 residential units, up to 160 hotel rooms, and a 100-unit assisted living and memory care facility. Phases with housing and retail anchored by Wegmans and Target will start opening in '15.