Matters ▸ Attachment
Community Benefits Summary 11-10-25 — File 25-1706
Project
Developer
Date
Community Benefits
Notes
Revenue
Assembly
FRIT
10/15/2019
ALTA-Xmbly
Cresset Group
5/17/2019
74M Property Owner
GreyStar
1/4/2023
1,296,750.00
$
SomerFund (Pmt# 1)
60 Cross St. (Kensington Connector)
Young Construction
8/2/2022
515 Somerville Ave
Noannet Group
11/20/2019
JMC/STM USQ LLC
346 Somerville Ave
Union Square - D2
US2
6/23/2017
214,000.00
$
Paid and appropriated as part of D2/US CivicAdvisory Committee
Union Square - D2
US2
4/21/2021
253,362.00
$
Paid and appropriated as part of D2/US CivicAdvisory Committee
Union Square - D2
US2
5/13/2024
234,511.00
$
Paid and appropriated as part of D2/US CivicAdvisory Committee
Union Square - D3
US2
155,222.26
$
Paid and appropriated as part of D2/US CivicAdvisory Committee
Union Square - D4
US2
155,370.18
$
Paid and appropriated as part of D2/US CivicAdvisory Committee
Boynton Yards
DLJ/South Street LLC
9/30/2019
223,128.00
$
Non US2 being moved to General Comm Benefits
Boynton Yards
DLJ/South Street LLC
225,486.88
$
Non US2 being moved to General Comm Benefits
808 Windsor
Legett McCall
8/15/2022
647,294.60
$
Non US2 being moved to General Comm Benefits
495 Columbia
Boynton Gateway
4/30/2023
599,087.00
$
Non US2 being moved to General Comm Benefits
100 Chestnut
North River
3/25/2022
174,216.00
$
Non US2 being moved to General Comm Benefits
100 Chestnut
North River
3/14/2025
200,025.69
$
Non US2 being moved to General Comm Benefits
15 McGrath Highway
7/13/2023
232,885.80
$
Non US2 being moved to General Comm Benefits
Total Payments Collected
4,611,339.41
$
Interest income
347,869.01
$
Interest being moved to General Comm Benefits
Total Revenue
4,959,208.42
$
Deductions
SCLT/CARES
(153,000.00)
$
USQMS/1st Source
(850,000.00)
$
Deduction Totals
(1,003,000.00)
$
Transfer to Somerville Community Benefits
3,946,742.98
$
Union Square Community Funds Balance
9,465.44
$
Developer Mitigation Payments