Development Consulting

Federal Realty Investment Trust

In summer 2008, Concord Square was retained by Federal Realty Investment Trust to lead the preparation of an application for public infrastructure financing for the 5 million for Assembly on the Mystic development in Somerville, MA through the innovative “I-Cubed” statute in Massachusetts. During the course of the next year, Concord Square worked with Federal Realty and its financial consultant W-ZHA (based in Marblehead) to prepare a comprehensive financing proposal.

In July 2009, during a press conference on site attended by Governor Patrick, Senator Kerry, Congressman Capuano and others, the project was preliminarily awarded $50 million in I-Cubed funding in addition to $15 million in Federal Stimulus funding. Concord Square will continue its work on behalf of Federal Realty through the final approval process.

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617.482.1997 • 236 Huntington Avenue, Suite 402 • Boston, Ma 02115 • info@concordsqdev.com