Watermark, Final Phase of Cambridge’s Market Central, Now Open
Posted By: Boston City Properties
The final phase of the highly anticipated Market Central mixed-use development in Cambridge’s Central Square is complete, opening up nearly 300 new luxury apartments for lease. With the completion of Watermark, a 19-story, 195-foot-tall luxury apartment tower, developers’ vision for Market Central is now complete. Leasing for luxury apartments at the new tower is now happening, and options range from 333-square-foot studio units to three-bedroom, two-bathroom apartments that offer upwards of 1,200 square feet of space. Read on to learn more about the new apartment development and how it fits into the grand scheme of Market Central.
With more than 308,000 square feet of mixed-use space, the transit-oriented Market Central development has transformed the face of Central Square in Cambridge. Situated at the corner of Massachusetts Avenue and Main Street, it consists of three buildings. Watermark, the third and final one, is now open and leasing, and the other two buildings have been open for some time. The first, a six-story, 70-foot-tall building, offers “innovation housing,” which includes studio apartments and roommate units. The second, a four-story, 45-foot-tall building, offers “family housing,” and it is located at the back of the development.
Without question, the biggest fanfare has been reserved for the development of Watermark, which includes 285 luxury apartment homes. Construction of the building started in 2017, so it took about 2.5 years for the work to be completed. The luxury tower offers a host of prime amenities, ensuring the interest of the ever-burgeoning population of highly compensated professionals who largely make up the Cambridge population. Indeed, as the home of Kendall Square – the top life-sciences hub in the entire country – the city enjoys some of the highest demand for luxury apartment and condo housing in the region. Therefore, you can expect for Watermark to be fully leased in no time.
As noted above, the new Watermark luxury tower, which is located at 425 Massachusetts Avenue, features an array of prime amenities that is sure to pique the interest of even the most discerning residents of the Greater Boston region. For example, it includes a rooftop terrace replete with grilling stations, providing an elegant area for residents to relax, socialize and unwind while taking in amazing views of the city. A state-of-the-art fitness room and gym is joined by a community kitchen with premium lounge space, and the lobby includes a co-working station that caters to busy working professionals.
Developed by Twining Properties and designed by CBT Architects, the luxury tower features a mix of studios along with one-, two- and three-bedroom apartment homes. They all include modern finishes, and most of them offer phenomenal views of the Boston city skyline. These units feature prime amenities like in-unit washers and dryers; smartphone-enabled video intercom systems; smartphone-enabled keyless entry; Energy Star appliances; Nest thermostats; and kitchens with elegant quartz countertops. Studios offer around 333 square feet of space and leases start at $2,685 per month. One-bedroom apartments, which offer between 525 and 700 square feet, rent for between $3,230 and $4,260 per month. For $4,900 to $5,600 per month, you can snag a two-bedroom unit with between 900 and 1,050 square feet of space. Finally, three-bedroom, two-bath units, which offer 950 to 1,225 square feet, lease for $6,050 to $6,750 per month.
Situated as it is near the Central Square MBTA Red Line station, Market Central provides a convenient location for those who work in Cambridge and even across the river in Boston. Its development included the restoration of the historic Apollo Building, and the grounds include a covered outdoor pedestrian walkway and marketplace as well as a new plaza. There is also 16,000 square feet of retail space that’s sure to fill up quickly along with an underground garage with parking for 150 vehicles and 360 bicycles.
If you are interested in renting an apartment at Watermark at Market Central in Cambridge’s Central Square, you’re not alone. Leasing of these units is sure to happen quickly, so the time to act is now. Sign up with Boston City Properties to gain immediate, free access to our searchable listings and to check current availability. For more information regarding this property and others around the area, contact Boston City Properties today.