After years in the making, the bid to create Cambridge Harbor is in the final stages for the most critical test – to see if the market will make it a reality.
Cambridge Waterfront Development Incorporated, the entity responsible for getting the 35 acre riverside property developed, is still working on design and zoning specifications that will go out to real estate developers.
CWDI is hoping professional developers will respond to build part or all of the specific plans that CWDI spent millions of dollars to produce.
Experts in real estate development say much of what CWDI has prepared and the approach it is taking represent the best practices – and best chance – for success. But CWDI also faces challenges.
The biggest consideration: will Cambridge Harbor as planned be profitable?
Listen to hear what experts are saying