"Cambridge has historically had a housing shortage, contributing to rising costs for both renters and homebuyers in a city with a strong job market."
"The proposal includes over 2,000 housing units, millions of square feet of lab, office, and retail space, emphasizing a diverse and transit-oriented development."
"If approved, the project would mark one of the largest mixed-use developments in Cambridge history, reflecting a broader shift toward higher-density growth."
"Plans include 14 acres of public open space and infrastructure upgrades to enhance connectivity, aiming to reshape Alewife and housing addition in built-out cities."
Healthpeak has proposed the Cambridge Point project to transform an industrial area near Alewife MBTA station. The plan includes over 2,000 new housing units and millions of square feet of lab, office, and retail spaces on a 46-acre site. It aims to promote walkability and includes 14 acres of public open space, a pedestrian-and-bike bridge, and infrastructure upgrades. The project reflects Cambridge's push for higher-density, affordable housing in response to escalating demand and pressures of climate change. Construction may start in 2027, pending approvals.
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