Searching for Solutions to Boston’s Lab Glut
Developers have seen the bottom fall out of the Boston lab real estate market. But construction costs over $1,000 per square foot put most non-biotech tenants out of reach.
Hot Property: 404 Wyman St.
A capital improvement program at 404 Wyman St. will provide a central amenity space for Hobbs Brook Real Estate’s 2 million-square-foot, 11-building Waltham campus.
Moderna Leases New HQ at Alexandria Development in Kendall Square
Moderna Pharmaceuticals has leased 462,000 square feet at Alexandria Real Estate Equities’ 325 Binney St. in Cambridge for a new headquarters and R&D facility.
Alexandria Files Plans for 370K SF Kendall Lab Building
As the life science sector continues to remain one of the few bright spots in Greater Boston’s commercial real estate market during this recession, Alexandria Real Estate Equities filed plans to add a 370,000-square-foot infill office/lab building in Kendall Square.
Suffolk’s Hotel-to-Dorm Conversion Moves Forward
As colleges face an uncertain path to resuming classes, Suffolk University is moving forward with plans to replace an Allston temporary dorm with a new student housing near Government Center.
