Sterling Properties representatives, Somerville Mayor Dennis Sullivan and elected officials recently cut the ribbon to open SOMA, a new 69-unit luxury rental building in Somerville, Sterling Properties announced.
The complex is located at 110 South Bridge St. and is within walking distance to Somerville’s Division Street Plaza and Main Street corridor, developer Sterling Properties said.
The four-story SOMA has studio, one- and two-bedroom apartments, on-site recreational amenities including a fitness studio and tech lounge, and is one block from the New Jersey Transit Somerville station. It is also within close access to routes 206 and 287.
“This project succeeds on so many levels,” Sullivan said. “It’s redevelopment, it’s transit-oriented and it will be revenue-generating. We had a great partner in Sterling Properties to transform this property into an eye-catching residential building where people can live a stone’s throw from downtown Somerville and the train station. We couldn’t be happier with the debut of SOMA which is a big shot in the arm for this part of the Borough.”
The property, which has been open to lease for a month, is more than 45 percent leased. Rents begin at $1,750.
“Somerville has become a fashionable and highly-desirable residential destination that tops the list when it comes to the state’s most energetic downtown settings,” Nick Hollenbeck, director of sales and marketing, Sterling Properties, said. “SOMA delivers a modern and luxurious living experience that fully complements its urban-style surroundings. We couldn’t be more excited to officially debut this building and thank local officials for joining us at this milestone event.”
SOMA was also designed to meet LEED Gold standards, Sterling Properties said.
“As part of our LEED efforts, we’ve instituted a bike share program our residents will be sure to appreciate,” Hollenbeck said. “Rather than getting in a car, they will have access to bikes which will allow them to pedal downtown, save on emissions and also shop locally.”