(Caption: Artists Rendering of Assembly Row)
For one thing, it was the first new station added by the Massachusetts Bay Transit Authority (MBTA) in twenty-seven years; the daily projected ridership at Assembly is expected to be up to 5,400 passengers by 2030.
But more so, the new train stop is a harbinger of great things to come for the $1.4 billion Assembly Row project, which is part of an exciting strategy by public officials to create unique new communities where residents have easy access to transportation, jobs, housing, and recreational and entertainment opportunities.
The development will include more than 2.8 million square feet of office space, 635,000 square feet of retail, restaurant and entertainment uses, and 1,813 homes. It will feature public benefits like a waterfront park and new bike and pedestrian paths connecting existing neighborhoods with the new development. The first phase, with 448 apartments, scores of retail shops and restaurants and more, is already open.
“We invest in infrastructure to catalyze private development, revitalize urban neighborhoods and bolster growth and opportunity across the Commonwealth,” said Governor Deval Patrick, who visited the new station on September 2, opening day. “The new Assembly Orange Line station is a concrete reminder of what can be achieved through public-private partnership and investment in our communities.”
Governor Patrick was joined at the opening by U.S. Congressman Michael Capuano, who helped secure federal funds for the station, Mass DOT Secretary and CEO Richard Davey, MBTA General Manager Dr. Beverly Scott, Somerville Mayor Joseph A. Curtatone and other local officials.
The new Assembly station is funded through a combination of federal, state and private investment. The total cost of the station is $56 million with the Executive Office of Housing & Economic Development (EOHED) contributing $25 million through a MassWorks grant, $16 million in federal funds and a $15 million investment from Federal Realty Investment Trust, the developers of the Assembly Row project.
EOHED Secretary Greg Bialecki noted that “Assembly Row is an excellent example of a well-rounded development project that aligns our jobs, housing and transportation needs to better serve our residents. Through these types of collaborative efforts we are making our communities great places to live, work and play.”
To learn more about the Patrick Administration’s strategy for economic growth through investments in innovation, infrastructure and education, go to Choosing to Compete in the 21st Century.