Wednesday, September 7, 2016

Nearly half of Assembly Row's condos sold a year before opening


Rendering courtesy of the Collaborative Companies

BY 
The 122 units that comprise the Alloy Residences in Assembly Row are the only condos in that sprawling Somerville development-as-neighborhood (or neighborhood-as-development, take your pick).

And those sole condos are proving especially popular. The Alloy will not be move-in ready until around this time next year, but the Collaborative Companies, the marketing firm charged with selling the condos, says more than 45 percent have been spoken for during barely eight weeks of pre-sales.

What’s more, some condos have traded for more than $1,000 a square foot. Such a sum would be notable anywhere in Somerville. In Assembly Row, along the Mystic, it’s positively historic.