Lexington Lab Project Delayed by Biotech Slump
A 345,000-square-foot life science development in Lexington is being delayed because of declining industry demand and inflation.
Hot Property: 100 Chestnut
The first new life sciences building in Somerville’s Brickbottom neighborhood is poised to get underway after receiving received $192.5 million in financing.
New Lab Building Could Be Pioneer in Brickbottom Growth
Somerville’s Brickbottom is joining the ranks of local neighborhoods shedding their industrial pasts to accommodate life science expansion, spurring redevelopment of two warehouses as a new 200,000-square-foot lab complex.
Wheelock Buys Inner Belt Labs and Development Site
Wheelock Street Capital is the latest institutional investor to buy into the budding life science cluster in Somerville’s Inner Belt.
Lexington Office-Lab Development Sold to North River Co.
A Lexington property that’s being redeveloped as 345,000 square feet of office and lab space has been acquired by New York developer North River Co. for $38.7 million.
200K SF Spec Lab Proposed in Brickbottom
Somerville’s Brickbottom neighborhood is the latest life science growth area to emerge, with the filing of plans by a New York developer for a 200,000-square-foot speculative lab and R&D building.
Somerville’s Next Development Cluster?
Somerville’s Inner Belt district checks many of the boxes that are in demand among commercial developers. And the 100-acre neighborhood is seeing signs it could transform under the weight of demand for life science space.
Somerville Artists’ Hub Sold to NY Developer
A warehouse in Somerville’s Brickbottom neighborhood that was converted into dozens of artists’ studios and makerspaces has been sold to a New York developer that’s been expanding its inner suburban Boston portfolio.
Malden OZ Properties Sell for $12M
A pair of Malden mixed-use buildings in one of the city’s two opportunity zones have sold for nearly $12 million.
North River Co. Acquires Two Chelsea Properties
Burgess Properties Inc. announced the sale of both 180 Everett Ave. and 115 Carter St. in Chelsea to North River Co. LLC, an affiliated entity of Waterfront New York.
