455 Grand Union Boulevard / rendering by Federal Realty Investment Trust
Somerville, MA – Federal Realty Investment Trust recently launched Phase 3 at Assembly Row, a 40-acre transit-oriented development, just outside of Boston with the announcement of PUMA’s North American HQ set to anchor a 300,000sf space building, with ground floor retail space. The contractor is Cranshaw Construction.
Phase 3 of the development also includes a new, 24-story, 500-unit apartment building, with ground floor retail space, across from the T station. Beyond Phase 3, Federal Realty has approximately 5 more acres of developable land that has been entitled to accommodate up to 1.5 million sf of office and/or lab development. Stantec is the architect for the apartment building.
Designed by Jacobs, the 13-story Class A office building with 550 dedicated parking spaces and approximately 25,000sf of ground floor retail space will be home to PUMA’s North American headquarters. PUMA is expected to occupy 455 Grand Union Boulevard in early 2021, with 450 employees relocating from offices in Boston and their current headquarters building in Westford.
At completion of Phase 3, Assembly Row will include over 55 shops, 22 restaurants, 1,514 residential units, over 1.1 million sf of Class A office space, and The Row Hotel, a 158-room Marriott Autograph Collection Hotel.
455 Grand Union Boulevard is now under construction and over 50% preleased. The neighborhood’s existing office space at 450 Artisan Way is currently 100% leased. Additionally, Partners Healthcare is headquartered at Assembly Row with 730,000sf of office space..
