In May 2016, the proposed project that would extend the MBTA's Green Line in was voted to proceed, despite budget limitations. The new plan for the Green Line will still put six new stations along a 4.7-mile extension in Somerville and Medford, but the stations themselves will be less elaborate than previously planned due to budget constraints.
The trolley project is expected to be complete by 2021 and it is already incentivizing real estate development in the area.
This week, construction began on a 42 unit condo complex called "The Sphere" in Medford. This is will be first major real estate development along the Green Line extension, but more are sure to follow in Somerville as the MBTA project gets closer to completion.
Contact Point Plus to learn more about this project and real estate opportunities in Somerville. Our real estate team specializes in real estate in Somerville and Cambridge and we have our finger on the pulse of the local market.