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The Boston Globe

Business

Ikea pulls plan for Somerville store

After more than a decade of planning, the furniture giant Ikea has decided not to build a second Massachusetts store at Assembly Square in Somerville, punching a hole in the city’s effort to redevelop a huge swath of former industrial property near its border with Boston.

An executive with Ikea informed the city of its decision Thursday, writing to Mayor Joseph Curtatone that the company believes its store in Stoughton is sufficient for Massachusetts and that it will now sell the Somerville property.

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