As projects in Somerville, East Boston, Allston-Brighton and South End move forward, developers of large vacant commercial properties in Newton and Woburn are laying out plans for mixed-use projects totaling over 3 million square feet.
After renovating a World War II-era office and manufacturing building and attracting new tech and life science tenants, Cresset Development has sold a Watertown property for $62.5 million.
Lyndra Inc., an oral drug delivery company that recently received $23 million in series A financing led by Polaris Partners, has leased 14,450 square feet at Cresset Development’s 65 Grove St. in Watertown.
Tapping into demand for downtown Boston multifamily housing, Boston-based Cresset Development plans to convert three floors of a Chinatown building used as a telecommunications switching station into 46 apartments called the “PBX Residences.”
