Alec Papazian

207sc
  • Jan 19, 2016

ABC January Newsletter: New Housing for Kendall Square and Master Plan Opportunities

The Cambridge City Council has kicked off its new term. With big initiatives such as the master plan and the Volpe Center the next two years will be an exciting time for the city.  

DEVELOPMENT UPDATES

CDD is seeking volunteers to serve on three working groups for the master plan titled Envision Cambridge. Applications are due January 22nd.
CDD
Cambridge Chronicle

The City Council approved the MXD Zoning Petition which will add one million square feet of development in Kendall Square. This will include approximately 560 residential units of which 140 will be below-market rent.
Cambridge Chronicle
Boston Globe

The City Council approved a zoning petition initiated by Patrick Barrett that will make it easier for homeowners to create basement and accessory dwelling units.
Cambridge Chronicle

New data from Reis, Inc. reports that rents in Greater Boston rose 5.7% in 2015. The average rent for an apartment is now $2,009.
Boston Globe

 

UPCOMING EVENTS

The MBTA will be holding a public meeting regarding late-night service changes on Wednesday, January 20th at 6 pm at City Hall.
City of Cambridge

LINKS OF INTEREST

DID YOU KNOW?

As reported by the 2010 Census, 65.4% of housing units in Cambridge are rented while 34.6% are owner occupied (including owner occupied condominiums). Approximately 14% of the entire housing stock is subsidized in some form.