In a market where teardowns command high prices, enclaves of Modernist homes are hanging on in suburban Boston thanks to midcentury homes’ reputations – and a little help from barriers to new development.
Lexington officials and voters embraced the spirit of the MBTA Communities law – and exceeded its requirements – when they approved an ambitious plan in 2023 that could allow construction of nearly 13,500 multifamily housing units. The volume of the development proposals surprised officials and animated opponents.
Property owners scrambled to preserve their rights to develop multifamily housing in Lexington as the town approached a vote to scale back development opportunities.
Lexington officials took steps Monday to dramatically rein in its expansive MBTA Communities zoning districts in the face of significantly more development proposals than first anticipated.
Dicerna Pharmaceuticals has leased an additional 107,283 square feet at the Hayden Research Campus, bringing its occupancy to more than 275,000 square feet in the town of Lexington.
Suburban developer Hobbs Brook Real Estate has named a new CEO to replace former chief executive Sam Schafer.
The state’s Housing Choice zoning reform is spurring a conversation about density in one of the most unlikely places: Lexington’s quaint, history-filled town center.
After offering an incentive to lab developers by raising building heights, the town of Lexington is challenging them to deliver buildings equipped with some of the suburbs’ most energy-efficient building systems.
Throughout eastern Massachusetts, once-shunned suburban office campuses are in demand for acquisitions amid developers’ newfound zeal both for office-to-lab conversions and sites with ample acreage to build biomanufacturing plants.
Lexington is taking steps to make life science development more attractive amid rising competition from nearby suburbs and expanding clusters in Boston, Somerville and Watertown.
The number of towns with a median single-family home sale price of $1 million nearly quadrupled over the past eight years. And it is yet another sign as well that housing affordability in our state is going from bad to worse.
Lexington officials have approved construction of a mixed-use campus at 91 Hartwell Ave. containing 125,000 square feet of office space and 95,000 square feet of class A lab facilities.
Four companies have signed leases for 75 Hayden Ave., a 214,440-square-foot life science facility at the Hayden Research Campus in Lexington.
A pharmaceutical company that recently relocated its headquarters from West Cambridge to Lexington is leasing another 61,000 square feet in a neighboring building.
Major Route 128 landlord Hobbs Brook Management is expanding its holdings in the area by more than 187,000 square feet.
Banning natural gas in new construction is a quick way to kill the economic miracle that has transformed the Boston area over the past half century from a rusting backwater to one of the planet’s top metros.
Kendall Square has seen achieved lab rents top $125 per square foot on a triple-net basis, leading tenants, landlords and investors to look to secondary clusters nearby.
With a combination of low vacancy, high demand and some of the highest asking rents in the country, life science properties in the Boston metro are more desirable than ever for investment firms, both large and small.
A specialist in home infusion IV therapies has signed a lease at 80 Hayden Ave. in Lexington for its new eastern headquarters.
Six Boston suburbs have been named among the 20 best small communities in America by a new analysis by personal finance site WalletHub, based on U.S. Census Bureau data.
