IKEA, developer Federal Realty Investment Trust, and the Mystic View Task Force signed an agreement aimed at creating a transit-oriented, mixed-use development in and around Assembly Square. Federal Realty and IKEA promised $15 million towards an Orange Line stop. In addition, $25 million from the federal government has already been earmarked for the station, which is expected to cost $40 million.
Boston Globe: “Pact could end row over project near Assembly Square”
Somerville Journal: “‘Finally,’ agreement over Assembly Square”
