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.
Cambridge’s new Affordable Housing Overlay has had a tremendous and immediate effect on parcels already in nonprofit hands, adding over 400 new units of affordable housing to the pipeline in a year and a half.
Boston developer Cabot, Cabot & Forbes has filed plans with Cambridge officials for a 58,000-square-foot research and development building near the site of a major planned biotech development in the city’s west.
With more than $1.9 billion in West Cambridge acquisitions since 2019, the Denver-based REIT Healthpeak Properties is poised to begin testing the city’s appetite for a second Kendall Square-like cluster.
Beverly Hills private equity firm Township Capital has joined the ownership of a 4.4-acre development parcel in Cambridge’s Quad neighborhood where Cabot, Cabot & Forbes is planning a life science development.
A large apartment complex in Cambridge’s Alewife neighborhood is one step closer to starting construction after developer Toll Brothers announced it had secured a construction loan and a development partnership for the project.
The Davis Cos. is set to break ground on the next 155,000-square-foot phase of its Quad campus in early 2021 after attracting South Boston-based Gingko Bioworks to the West Cambridge portfolio.
Major Boston developer Cabot, Cabot & Forbes has bought a roughly 4-acre parcel in an industrial area near the Alewife MBTA station that’s being heralded as the city’s last great growth opportunity.
The land rush at Cambridge’s final development frontier shows no sign of abating, and city officials hope to leverage private investment into public benefits including new transit connections and park space.
Two months after a six-building, 1 million-square-foot multifamily and lab complex was pitched for Cambridge’s Alewife Quadrangle neighborhood, another developer is joining the effort to revamp the industrial area near Belmont
A 1970s mixed-use complex on the Belmont-Cambridge line was sold recently for $37.5 million.
Now that Wall Street investors have discovered the Alewife neighborhood and its fast-growing life science cluster, change seems inevitable and Cambridge officials have completed a playbook designed to shape future development.
