Somerville’s Tallest Residential Tower Now 80% Leased; Limited New Apartments Still Available
Miscela, the newest residential community at award-winning Assembly Row, has a limited number of never-lived in apartments still available for occupancy this summer. The 24-story, 500-unit tower features an outdoor pool with green space, cabanas and grills for stylish and inspired living.
Miscela sits directly across from the MBTA station at 485 Foley Street in one of Somerville’s most popular neighborhoods and puts residents at the front door of Assembly Row’s wide range of retail options, full-service and takeout dining, and entertainment venues. On the ground floor of the building, residents have direct access to favorite brands such as sweetgreen, lululemon, Warby Parker and Shake Shack.
All homes at Miscela have walk-in closets; some offer Juliet balconies, larger balconies or patios. Penthouses offer larger floorplans and up to 12’ ceilings. Assembly Row is bike and dog-friendly, and pets at Miscela can enjoy the Groom Room as well as the adjacent 6-acre Baxter Park.
“With summer upon us, there is a unique opportunity at Miscela to occupy a never-lived in home with access to a brand-new pool and outdoor amenities,” said Mike Ennes, Senior Vice President at Federal Realty. “Assembly Row is a dynamic neighborhood with new retail, dining, fitness and services opening regularly and just in time for the good weather a full calendar of fun outdoor programming.”
With a wide range of desirable amenities and eclectic work from home spaces, Miscela emphasizes access to fresh air and healthy living. Features include a 24th-floor lookout with soaring river views towards Boston, a hidden “speakeasy” lounge and a courtyard swimming pool with cabanas, grills and lawn with a fire pit. The main resident lounge is a two-story loft style space with private cabins and a cozy fireplace which creates an ideal destination for either a daytime “work-from-home” atmosphere or an evening “out-of-home” experience. The building has been designed to achieve a LEED Silver certification and highlights healthy living with a yoga deck, fitness center with turf zone for cross-functional fitness regimens, a spin studio and bike storage.
Miscela is one of the centerpieces of Assembly Row’s Phase 3 expansion. Nearby at 455 Grand Union Boulevard, PUMA’s North American headquarters is now open as the anchor to a state-of-the-art high-rise office building with a CVS at the base. Groceries and necessities are steps away at Trader Joe’s.
To learn more, including accessing virtual tours, visit livemiscela.com, or the on-site leasing office at 485 Foley Street, Somerville, MA.
About Assembly Row:
Assembly Row is one of Greater Boston’s fastest growing neighborhood destinations. Conveniently located along I-93 and with direct access to Downtown Boston via the Orange Line and its dedicated MBTA station, Assembly Row is a dynamic neighborhood that offers first-class working, living, shopping, entertainment, and dining experiences. With Phase III near completion, Assembly Row boasts over one million square feet of office space, 1,500 residential units, a 158-key hotel, and over 500k square feet of retail, restaurant, and entertainment. When fully built across 40 acres along the Mystic River, the Assembly Row neighborhood will feature a total of 635,000 square feet of retail and restaurant space, 2.0 million square feet of office space, and 1,800 residences.
Assembly Row currently offers more than 50 national brands and unique shops, including Sephora, Warby Parker, Polo Ralph Lauren, Nike Factory, Saks Fifth Avenue OFF 5TH, and J. Crew Factory. Entertainment options include the 12-screen AMC Assembly Row 12 and IMAX, the only LEGOLAND Discovery Center in New England and Lucky Strike Social. More than a dozen eateries line the Riverfront Park and streets, including Shake Shack, sweetgreen, Legal On The Mystic, Earl’s Kitchen + Bar, Tony C’s, River Bar, The Smoke Shop and Ruth’s Chris Steakhouse. For more information please visit AssemblyRow.com.
About Federal Realty
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty’s mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 104 properties include approximately 3,100 tenants, in 25 million square feet, and approximately 3,400 residential units.
Federal Realty has increased its quarterly dividends to its shareholders for 54 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.
