SOMERVILLE, MA-With the deadline for submissions passed, the city has received two proposals to develop Yard 21, the 9.2-acre city-owned vacant parcel at Assembly Square.

One of the proposals is from a joint venture of Taurus New England and Gravestar, which owns the 145-acre Assembly Square Mall as well a number of smaller properties at the site. Two of the parcels are adjacent to Yard 21 and the companies plan to build a 27-acre mixed-use project on three lots. The plan includes office, residential, retail and entertainment space and a various public spaces. The venture would also fund the design for an MBTA stop here and partly fund the building of the station. Developers emphasized that there would be no big-box retail stores, the specter of which has faced fierce local opposition in this area.

The other proposal is also from a joint venture, this one made up of Habitat for Learning and Cathartes Investments. It includes one million sf of office and research-and-development space, a performing arts center and small retail shops. The plan also calls for a T stop and housing for college students.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.