It’s about continually looking forward and evolving to meet ever-changing consumer behavior and market demands. It’s about creating a vision that honors the mixed-use history of the original center and adapts to be a place where people will shop, work, and live.
Situated on an inlet of the Charles River across from downtown Boston, CambridgeSide is an award-winning mixed-use complex that features more than 80 shops and restaurants and 162,000 sf of office space projected to open this year. Located in the heart of the East Cambridge neighborhood and in the center of one of the world’s hottest office and lab markets, CambridgeSide is easily accessed by a network of regional and local roads, two of the MBTA’s most popular transit lines, and pedestrian walkways to some of the world’s finest medical, academic, financial and cultural resources.
From its inception, CambridgeSide has been ahead of its time, continually looking forward and evolving to maintain its place as both a community gathering place and an economic engine for both the neighborhood and the City. Everchanging retail and market demands, coupled with fluctuating consumer behavior, led New England Development to first complete a multi-million dollar renovation and rebranding of the retial center, then to transform Level 3 into unique and expansive office space, and to then build upon this to create a new vision for CambridgeSide, one that honors the mixed-use history of the original center and adapts to become a place where people will shop, work and live. New England Development proposes to achieve that vision by maintaining the core retail presence within the sky-lit shopping center and by re-using and re-purposing the empty anchor spaces and the above-ground parking garage.
In December of 2019, the City of Cambridge City Council, consistent with a positive recommendation from the City of Cambridge Planning Board, voted to approve a rezoning of the property into a new Planned Unit Development 8 (PUD-8) District that allows retail, office, laboratory and restaurant uses, as well as requiring a minimum of 30% of the net new floor area to be constructed as residential uses.
In accordance with the PUD-8 zoning and the vision for the property, the project will maintain active retail and office uses within the shopping center, as well as the public sky-lit atrium open space that is the heart of CambridgeSide. Along with the redevelopment of the former anchor stores and the above-ground garage, the project will also include an addition of approximately 575,000 net new square feet as permitted by the PUD-8 zoning ordinance, expanding the existing approximately 1.090 million square foot retail shopping destination to an approximately 1.665 million square foot mixed use development. Approximately 175,000 net new square feet of that total will be devoted to residential uses, while approximately 400,000 net new square feet will be devoted to commercial uses, currently anticipated to include a combination of office, laboratory, restaurant and retail uses.