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News: Front Section
Posted: March 13, 2020
Urban Spaces and StoneRiver Props. lease 3,500 s/f at The Rand
Cambridge, MA Urban Spaces and StoneRiver Properties, have leased the first floor retail space at The Rand to Rock and Roll Daycare.
The Rand, located adjacent to the Porter Sq. MBTA Red Line station at 1975 Massachusetts Ave., is a mixed-use condominium development featuring 19 one and two-bedroom units and a three-bedroom detached single-family townhouse as well as the 3,500 s/f retail space now leased to Rock and Roll Daycare (RRDC).
“We have had significant interest and been in talks with a number of retail operators since the space became available,” said Paul Ognibene, CEO of Urban Spaces. “We ultimately leased to Rock and Roll Daycare – which we think is an ideal choice for the neighborhood given the need for high-quality daycare close to public transportation.”
Voted “Best of Boston” by Boston Magazine in 2017, RRDC currently operates five daycare centers in the city and is expanding, with five more (including the Rand) scheduled to open in 2020. RRDC is offering franchising opportunities across America. “I’m thrilled about our new location at the Rand,” said Chris Vuk, founder and CEO of RRDC. “This is an incredible flagship location for Rock and Roll Daycare, and we are excited to share the magic of music-based learning with the Porter and Davis Square communities.”
Designed by architectural firm Prellwitz Chilinski Associates, the Rand was built by Urban Spaces Construction using modular technology – and was entirely pre-sold prior to completion in 2017.
Urban Spaces continues to develop mixed-use multifamily projects including Kendall East, a 136-unit apartment development with 15,000 s/f of retail located along the First St. Corridor, and BRIX, a 61-unit condominium with 3,000 s/f of retail in downtown Salem.
“We are very excited to have Rock and Roll Day Care coming to The Rand,” said George Katis, principal of StoneRiver Properties. “RRDC’s philosophy and approach to early childhood education will be a great addition to the Porter Square neighborhood.”
The Rock and Roll Daycare lease was brokered by the Conviser Property Group and Horizon Capital Realty.
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