Image courtesy of DiMella Shaffer

What: 101 Cambridgepark Drive
Where: Cambridge
Owner: Healthpeak and King Street Properties
Built: 2020-2022 

King Street Properties and Healthpeak have begun construction of a new 160,000-square-foot life science building on Cambridgepark Drive. 

Designed by DiMella Shaffer, the $170 million facility will feature average floor plates of 37,000 square feet, shower and changing rooms, a Bluebikes station, indoor bicycle storage and a terraced outdoor courtyard. The project features climate resiliency measures as well as a new pedestrian/bicycle connection between Cambridgepark Drive and the Fitchburg cutoff bicycle path. 

Newmark Knight Frank represents ownership in leasing. According to Newmark research, tenants with immediate space needs have a choice of only 65,000 square feet of life science inventory available in Cambridge, compared with 1.7 million square feet of demand. 

They Said It: 

“This project is extremely well timed by King Street and Healthpeak who continue to expand on their successful track record of life science development. Demand for laboratory space is at an unprecedented level with no existing options of this scale currently available in Cambridge. 101 Cambridgepark will bring much-needed inventory to the market as one of the few big blocks delivering in 2022.” 

— Mark Winters, vice chairman, Newmark Knight Frank