A vision to turn West Cambridge into a second Kendall Square is coming apart amid record lab vacancies across the region, as the fundamentals of development look set to shift back in favor of multifamily housing.
Boston-based developer Davis Cos. is on track to deliver a speculative 161,616-square-foot lab building at 101 Smith Place in Cambridge during the fourth quarter, expanding its Quad life science campus.
The city of Cambridge’s moratorium on office and lab development in the Alewife Quadrangle is starting to affect the existing development pipeline, as The Davis Cos. withdrew a proposed 280,000-square-foot life science project at 40 Smith Place.
Cambridge officials’ debate on a lab construction moratorium in Alewife won’t derail developer Healthpeak’s plans for a 36-acre life science campus, executives said.
