Federal Realty Investment Trust, a client of DSG’s Boston office, marked a major milestone in its Assembly Row development on Sept. 2, when the ribbon was cut on the new Assembly Orange Line Station in Somerville.
The first subway station on the Massachusetts Bay Transportation Authority in more than a quarter century, the stop was funded by the developer and federal stimulus funds.
“I think this is the only T station the T hasn’t paid for to build, maybe in its history,” said Transportation Secretary Richard Davey.
Dignitaries at the event included Gov. Deval Patrick, Mayor Joe Curtatone and Congressman Michael Capuano (also a former Somerville mayor).
The station is a cornerstone of the $1.6-billion mixed-use development, which includes office, retail and residential space in a former industrial neighborhood that once housed a Ford assembly plant.
DSG has worked closely with FRIT for more than seven years to clear various regulatory, political and community hurdles for Assembly Row, which is expected to bring $30 million in annual state tax revenues, $18 million in local taxes, 22,000 construction jobs, and 19,500 permanent jobs.
“You have to build the infrastructure that draws employers,” said Curtatone.