News
National Commercial Real Estate

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.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy