Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CAMBRIDGE, MA-The former Squirrel Brand Co. factory here on Boardman Street is to be converted into affordable housing units, signaling the demise of this city’s once-thriving candy trade. Just A Start, a non profit group, is developing the housing at a cost of $6 million.

In the 1920s, this city was home to 32 candy manufacturers. Now it’s down to two–the New England Confectionary Co. on Massachusetts Avenue and Tootsie Roll Industries Inc. on Main Street. And soon it will be only one, as Necco will be relocating to Revere in two years and its 500,000-sf building redeveloped as biotech space.

The Squirrel Brand name, products, and equipment were purchased by Texas-based Southern Style Nuts and the factory operation was relocated to Texas. Just A Start purchased the factory and two other properties from the Squirrel Brand Co. two years ago and now plans to develop 18 two-bedroom units in the building. A neighborhood coalition put $300,000 towards the purchase and the city is contributing $2 million towards the redevelopment. The city is also taking title of an 11,650-sf undeveloped lot in front of the old factory on the corner of Boardman Street and Broadway City.

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?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.