Ginkgo Bioworks Drops Move to New Seaport Development
Ginkgo Bioworks is offering its newly-completed Boston Seaport lab complex for sublease as it shrinks its real estate portfolio to reduce expenses.
Ginkgo Bioworks is offering its newly-completed Boston Seaport lab complex for sublease as it shrinks its real estate portfolio to reduce expenses.
A redevelopment of the Au Bon Pain headquarters in South Boston’s marine park for Ginkgo Bioworks received $194 million in construction financing from Citizens Bank.
After going public with a $15 billion valuation, Ginkgo Bioworks is adding to its future real estate footprint in Boston’s Seaport District.
Boston Planning & Development Agency officials approved two new life science projects in the Seaport District, including one that’s already landed an anchor tenant, and construction of 255 housing units.
Asking rents for lab space are topping $116 per square foot in East Cambridge and approaching triple digits in Boston’s Seaport District, according to a brokerage research report.