BPDA Approves 1.8M SF of New Projects

A developer will pay $1 million to a new fund created by the city of Boston to support displaced artists, after receiving approval for a mixed-income housing and life science project in Allston.

Hot Property: 20 Overland St.

A renovation project designed by Margulies Perruzzi transformed over 64,000 square feet across two floors at 20 Overland St. in Boston’s Fenway neighborhood into BSL-2 lab and open-plan office space.

Fenway Lab Project Signs Green Energy Contract

Vicinity Energy touted the launch of its carbon-free “eSteam” service to Boston commercial developers including the $1-billion Fenway Center lab project, as it begins converting its Cambridge cogeneration plant from gas to electric power.

Local Office-to-Lab Conversions Approach 8M SF

A 7.8-million-square-foot pipeline of office building conversions to lab-ready space accounts for nearly 30 percent of Greater Boston’s life science inventory, exceeding the national average for commercial real estate markets.