Selling a development opportunity in Gilman Square
Developments in Gilman Square have increased with the newer green line T and Somerville Community Path extension now in place. Specifically for properties in complete disrepair OR those properties that sit on large lots (think 5k+ sized lots) OR large multi-families with at least 3,500 square feet of living area.
All of these scenarios provide opportunities to either condoize existing structures OR create an addition to increase square footage OR demolish properties and build many units on a lot. These type of scenarios are all attractive to developers and because price per a square footage numbers tend to be a little bit lower in Gilman Square, Somerville developers are often more intrigued in a place like Gilman Square to explore an offer more seriously.
If you think you have a Gilman Square development opportunity on your hands, give me a ring and I can give you my thoughts!