US2 SRA Presentation

UNION SQUAREPROJECT UPDATEApril 30, 2015

Presented to:Somerville Redevelopment Authority

Presented by:

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Our Mission

Collaborate to create a viable and vitaldevelopment plan that realizes SomerVision’s goals for

the Union Square neighborhood

1 Community Engagement

2 Planning & Pre-development

3 Job Creation Actions

4 Next Steps

AgendaA overview of our progress to date in several key areas:

COMMUNITY ENGAGEMENT

COMMUNITY ENGAGEMENTUS2 KICK OFF EVENT

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COMMUNITY ENGAGEMENTLOCAL EVENTS: FARMER’S MARKET, FLUFF, HARVEST FESTIVAL

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COMMUNITY ENGAGEMENT100+ SMALL GROUP AND ONE-ON-ONE DISCUSSIONS

ELECTED OFFICIALS

RESIDENTS

COMMUNITY GROUPS

CIVIC GROUPS BUSINESSES

PROPERTY OWNERS

STRATEGICPARTNERS

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COMMUNITY ENGAGEMENTCIVIC ADVISORY COMMITTEE

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COMMUNITY ENGAGEMENTSUPPORTING LOCAL BUSINESS

PLANNING & PRE-DEVELOPMENT

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PLANNING & PRE-DEVELOPMENTSOMERVILLE BY DESIGN, NEIGHBORHOOD PLAN

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PLANNING & PRE-DEVELOPMENTORIGINAL PLANNING SEQUENCE

Neighborhood PlanNeighborhood Plan

D2/D3D2/D3Start approvals in order to complete building with T Station opening in late 2017

D Blocks Master PlanD Blocks Master Plan

OLDD2/D3OLDD2/D3

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PLANNING & PRE-DEVELOPMENTREVISED PLANNING SEQUENCE BASED ON COMMUNITY FEEDBACK

Neighborhood PlanNeighborhood Plan

NEWD2/D3NEWD2/D3

Start approvals

D Blocks Master PlanD Blocks Master Plan

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PLANNING & PRE-DEVELOPMENTALL SEVEN D-BLOCKS WILL BE PLANNED TOGETHER

NEIGHBORHOOD PLAN AREA

D BLOCKS PLAN AREA

PLANNING & PRE-DEVELOPMENT D2 DUE DILIGENCE

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T

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PLANNING & PRE-DEVELOPMENTINFRASTRUCTURE COORDINATION

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PLANNING & PRE-DEVELOPMENTMBTA COORDINATION

JOB CREATION ACTIONS

JOB CREATION ACTIONSPURSUING STRATEGIC PARTNERS

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More to come!

JOB CREATION ACTIONSASSESSING EMPLOYMENT MARKET

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5 NUMBER OF ADDITIONAL LOCAL JOBS CREATED BY ONE INNOVATION JOB

NUMBER OF METROS ANALYZED AS PART OF SUPPORTING ECONOMIC RESEARCH

OF ADDITIONAL LOCAL JOBS THAT ARE SERVICE JOBS (I.E., TEACHERS, CARPENTERS, NURSES, TAXI DRIVERS)

320

60%

Source: Enrico Moretti, Economist, University of Cal-Berkley; Fullbright Fellow, IZA Young Labor Economist

ONEINNOVATION

JOB

JOB CREATION ACTIONSD3 (NORTH) SITE CONTROL

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T

US2 OBTAINED SITE CONTROL

OVER PRIVATELY OWNED D3

PARCEL

JOB CREATION ACTIONSBUSINESS ROUNDTABLE

PANELISTS

HOSTS

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JOB CREATION ACTIONSSMALL BUSINESS ASSISTANCE PROGRAM

CrossFit SomervilleCantina La Mexicana

Local Supply Company Reliable Market

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JOB CREATION EARLY ACTIONSUS2 NEW OFFICE…COMING SOON

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JOB CREATION EARLY ACTIONSUS2 OFFICE COWORKING

NEXT STEPS