Developers To Build Supermarket on IKEA Site in Somerville

Federal Realty Investment Trust and IKEA have signed a purchase and sale agreement on 12 acres of land in Assembly Square.

the developers of Assembly Row, have agreed to purchase the 12 acres of land in Assembly Square owned by IKEA, and they plan to build a supermarket there, according to the Boston Globe.

Plans for this site have raised some concerns in Charlestown in the past related to the possible increase in traffic if a major store like IKEA is built there. Local residents have asked city officials to consider the effects traffic from this kind of devleopment would have on the Rutherford Avenue corridor project, which connects to Somerville.

On Tuesday, Dec. 11, the Boston Globe reported that Assembly Row developers have signed a purchase and sale agreement with IKEA and that the sale price was not disclosed.

The IKEA parcel will add land to Assembly Row's $1.5 billion development in Somerville's Assembly Square, which will contain residential, retail, office and restaurant space. Among other things, Federal Realty Investment Trust plans to bring high-end outlet stores and a new movie theater to its development.

In addition to constructing a supermarket at the former IKEA site, Federal Realty Investment Trust will consider building an office building and a residential building there, according to the Globe.

IKEA, which first purchased land in Somerville's Assembly Square in the 1990s and was long speculated to bring one of it's massive flat-pack furniture warehouse stores to the city, decided in July not to build there.

Somerville Mayor Joseph Curtatone, speaking in early December about the imminent sale of the IKEA parcel, said it would "open up opportunities" in the area.

William Brewster December 12, 2012 at 01:42 PM
Do we know which supermarket chain it will be?
Toonie December 12, 2012 at 03:52 PM
I think a Whole Foods would do well there.
AnnJ December 12, 2012 at 04:47 PM
Why not Trader Joe's?
Joshua D December 12, 2012 at 08:23 PM
Who ever gets the spot gotta have the Do-re-mi Heard what lots were going for and .......whew !! Been a longtime coming on this site. My grandparents met there in the 1930's I believe when there was. First national warehouse there. He was a foreman and she was just a lonely "cute" Italian girl......looking for a foreman. Been through a lot of changes in my lifetime. I hope they do bring a theatre into the development though, I grew up at the Loews that was there a while ago. Also, I hope they incorporate some "green space" along the river somehow and don't pave it all. It would be nice for us to have and god knows we need to preserve it as much as we can.
Joshua D December 12, 2012 at 08:24 PM
Trader joes gets my vote !!


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