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.

Federal Realty Investment Trust, 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 …

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It's Official: IKEA Not Coming to Nearby Somerville

The Swedish furniture giant has pulled plans for its store in Assembly Square.

IKEA has officially decided not to build a store in Somerville's Assembly Square. In a letter addressed to Somerville Mayor Joseph Curtatone, the furniture giant informed the city Thursday that it would not proceed with plans for a Somerville location near Charlestown's Sullivan Square. (You can read the letter to the right.) "We have made the very difficult decision not to pursue the construction of a Somerville store," the letter reads. Plans for the Somerville store started about 15 years ago, but Thursday's news did not come as a surprise. The Swedish company had previously stated its store in Stoughton took a lot of pressure off needing to build one in Somerville. In the letter to Curtatone, Doug Greenholz, U.S. real estate manager …

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Assembly Square Development to Bring Outlet Stores to Area

Developers at Assembly Row plan to open dozens of outlet stores at the massive Somerville project.