The 122 units that comprise the Alloy Residences in Assembly Row are the only condos in that sprawling Somerville development-as-neighborhood (or neighborhood-as-development, take your pick).
And those sole condos are proving especially popular. The Alloy will not be move-in ready until around this time next year, but the Collaborative Companies, the marketing firm charged with selling the condos, says more than 45 percent have been spoken for during barely eight weeks of pre-sales.
What’s more, some condos have traded for more than $1,000 a square foot. Such a sum would be notable anywhere in Somerville. In Assembly Row, along the Mystic, it’s positively historic.
There are more affordable options at the Alloy, according to the Collaborative Companies. Units range from $500,000 for studios to $1,500,000 for bigger prizes, including 3-BRs.
The condos will be part of a larger, 13-floor development that includes ground-floor retail and a 159-key Autograph Collection Marriott on floors two through five.
Stay tuned for the closings.
- Website: the Alloy [TCC]
- Greater Boston's Neighborhood of the Year: Assembly Row! [Curbed Boston]