Somerville's Union Square has been an excavation site the last couple months. It's part of an ambitious project part civic engineering part urban renewal -- and the City says that the contractor is ahead of schedule. There's also a lot of buzz about the Green Line extension to Union Square. The bureaucratic mechanism has been set in motion, the gears and cogs grinding along through the myriad studies, community meetings, urban planning briefs, paperwork and funding processes.
We're all excited about the quality of life improvements this spells for the area. Union Square is located in a part of Somerville near the Cambridge border, at a walkable distance from Harvard Square and close to downtown Boston. It's home to an active community of artists, a farmer's market, cafes, restaurants and shops from the globe over.
With the Square's makeover and the promised subway stop come some interesting questions. Should you buy property in Union Square with the expectation of cashing out big once the Square gets a T stop? How long will it take? Just how much should these future improvements influence current property values? In a nut shell, it comes down to whether you're willing to hold on to the property 'till it all comes together. Something to think about.
Speculations aside, an article in the Boston Globe spells out what to expect in the coming years. Union Square: A little pain amid gains