Dedication of at least 30% of the net new floor area to be constructed as part of the Project to residential uses (i.e., at least 175,000 net new square feet of the full 575,000 net new square feet of allowed New GFA).
65% of the Project’s residential component will be affordable (i.e., 30% as Inclusionary Housing and 35% as Middle Income Units). The affordable units will be developed in accordance with the requirements of the City of Cambridge Inclusionary Housing Ordinance.
No less than 20 three-bedroom units will be built, and all such units will be affordable (subject to either Inclusionary Housing or Middle Income rent restrictions).
Neighborhood Focus
Activation of First Street, CambridgeSide Place and Canal Park by incorporating Active Uses on the ground floor uses, including retail and restaurants.
Incorporation of an increased building setback for new buildings along First Street to accommodate a wider sidewalk, improved plantings and furnishings. and other pedestrian and bicycle amenities.
Open Spaces
Improvement to the existing on-site open spaces, including Canal Park, through the addition of plantings, trees and landscaping.
Phased contribution of $1,000,000 to the City of Cambridge’s Tree Replacement Fund.
Sustainability and Resiliency
Incorporation of sustainability practices in the new buildings in areas such as energy efficiency, GHG emissions reduction, water conservation, healthy materials, urban site reuse and landscaping, including meeting or exceeding the LEED version 4 Rating System for New Construction at the Gold level, reduction of energy use and resultant GHG emissions due to improved building envelopes, high-efficiency building systems, and lower lighting power density with LED lighting and smart controls, and providing no access to fossil fuels within the living area of the residential component of any building (i.e. no gas or fuel oil lines) within the Project.
Improved Traffic and Transportation
Anticipated expense of approximately $6,900,000 on transportation- and traffic-related measures by Applicant and/or Project tenants
Community Support
Substantial cash contribution to the local East End House to support its future operation.
Provision of space at a reduced rate (equal to a reduction of 30% below the rent charged for comparable market rate space) to local retailers, local small businesses or non-profit organizations, as well as space for a community daycare facility.
Provision of community meeting space able to accommodate up to 40 people at no charge to local residents, community groups and small businesses.
Contribution of approximately $1,300,000 to the East Cambridge Scholarship Fund.
Coordination with the local Arts Community and local artists to provide opportunities to perform, display and/or sell their work at or within the vicinity of the Project, including Canal Park.
Contribution of $500,000 to the Cambridge Arts Initiative.
