Somerville, MA Eaglebrook Capital acquires Prospect Iron Works in Union Sq. The 10,000 s/f parcel is located at 82-86 Prospect St. near the Green Line Extension Union Sq. Station. A mid-rise net-zero residential building is planned for the site.
Julian Lewis of Eaglebrook said, “We look forward to a collaborative process with the city of Somerville and members of the Union Sq. neighborhood. This is a tremendous opportunity to create transit-oriented, sustainable-housing in one of Greater Boston’s most diverse and unique communities.”
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and