Joint VenturesBack to All Projects
5 Middlesex Avenue, Sommerville, MA
Lincoln Technical Institute, World Gym, Nizhoni Health Systems, and Cambridge Public Health
January 2018 – Novaya, in joint venture with Cresset Development, acquired control of a 9.4-acre development parcel in the renowned Assembly Square area of Somerville, MA. In addition to an existing 162,804 square foot, fully occupied office building, the development is expected to encompass 300-500 units of multi-family housing, 500,000 square feet of office/lab space and potentially a 140-room hotel. Pending entitlement, the development will break ground in four phases starting in 2019.