Foundry Project Update
Please be advised all CRA Board meetings are open to the public.
At the September 13, 2017 CRA Board public meeting the Board voted to approve the amendment to the Foundry Demonstration Plan and to recommend its approval by the Cambridge City Council later in the month.
The site that abuts the Foundry Building to the east is currently an active development site. This project, which is located at 249 Third Street, is not part of the Foundry redevelopment project. The developer of 249 Third Street is EQR-249 Third St LLC.
Formerly a surface parking lot, EQR-249 Third St LLC has proposed to construct a five-story residential building that will include 84-units as well as approximately 1,400 SF of ground floor retail space. The project is expected to complete in the Summer of 2019.
Click here to find more information regarding the project. Below is a current picture of 249 Third Street construction site.