124 Jackson Street, Cambridge, MA, 02140, US

124 Jackston Street

Descripción

JLL’s New England Multifamily Advisory Group is pleased to present 124 Jackson Street, a 12,000 square foot development site located in the Alewife neighborhood of Cambridge, Massachusetts. Existing zoning allows for a building height of up to 6 stories (74’) or potentially 56,700 GSF. Located in one of Greater Boston’s most dynamic and rapidly evolving submarkets, the property benefits from proximity to Alewife Station (MBTA Red Line), major thoroughfares (Route 2, I-95/128), and an array of commercial, academic, and life sciences hubs. 124 Jackson Street presents the opportunity for multifamily development in a highly sought-after Cambridge neighborhood.

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Atributos

Superficie bruta del terreno

1115 m²

Superficie neta construida

5268 m²

Pisos

Zonificación

Multifamily As of Right

Media

Aspectos destacados de la inversión

Favorable Zoning: In February 2025, the Cambridge City Council adopted zoning petitions to permit multifamily housing across the city. These changes aim to boost housing production, promote income-restricted affordable housing, and encourage the creation of permanent affordable housing.
Excellent Area Amenities: The property is located in the amenity-rich Alewife neighborhood. Less than one mile away is the Alewife Brook Parkway Shopping Center, featuring retailers like Trader Joe's and CVS. Adjacent to it, the Fresh Pond Mall includes tenants such as Whole Foods, TJ Maxx, and HomeGoods.
Transit-Oriented Location: 124 Jackson Street is less than a half-mile from the Alewife MBTA Station, which is the northwest terminal for the Red Line and a hub for several bus routes. The property is also a seven-minute drive from the MBTA Commuter Rail's Belmont Station, offering access to northeastern suburbs and North Station.
Prime Location: Cambridge is a global innovation hub and a center for higher education with a population of 119,000. The city has a AAA bond rating and a $750 million annual operating budget, positioning 124 Jackson Street as an investment in a highly sought-after real estate market.
Unmatched Employment Opportunities: The property is near major employers like HP, Celgene, and Raytheon. The wider Cambridge area hosts prominent companies such as Google, Biogen, and Hubspot, in addition to 11 hospitals and numerous universities and research institutions