BREAKING NEWS: 1.7 MILLION SIGNS OF LIFE SCIENCE

Alexandria Real Estate Equities jumped the final permitting hurdle Tuesday night for a 1.7M SF mixed-use lab project in East Cambridge. A company spokesperson did not return a call inquiring, but our back-of-the-envelope math indicates a total lab development cost of about $750M, plus res and retail. ?A sign of life,? says the City's manager of development Beth Rubenstein.
We expect to hear more at the NAIOP breakfast this morning from Alexandria's Tom Andrews, right, whom we snapped several weeks ago with colleague Joe Maguire. What we do know: Cambridge approved the final special permits for the 1.5M SF of labs, 220k SF of residential, and 20k SF of ground floor retail on a site that runs from 1st through 6th streets on either side of Binney. The City also gave the green light to the Elkus Manfredi design of the complex's first building at 100 Binney St. Tenant anyone?

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

140-Acre Attleboro Golf Course Hits Market, Pitched For Redevelopment

Foundry Robotics Leaves San Francisco For New East Bay HQ

Alexandria Sells Stakes In Megacampuses To Weather Life Sciences Downturn

Nonprofit Developer Buys Mattapan Site For Affordable Housing: The Boston Deal Sheet

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Downtown Office Tower Sells At Foreclosure Auction For $260M

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

JLL Sues Ex-Life Sciences Leader, Alleging Breach Of Noncompete

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

FoxRock Buys Quincy Office At 78% Discount After Luring Tenant Away