Hobbs Brook Real Estate’s bet on Route 128 life science growth has paid off with two new leases that bring its 507,000-square-foot office-lab development in Waltham up to 90 percent leased before completion this spring.
A developer proposing a large downtown Quincy project is swapping out a 20-story hotel-apartment tower in favor of more office and lab space.
Construction of the $530 million 10 World Trade office-lab tower in Boston’s Seaport District is set to begin this year after two new investors joined the development team.
Instead of providing potential developments with a series of hurdles to overcome, as mayor of Malden I have worked to create an atmosphere where city professionals look at projects to find a way to make them win/win opportunities while also protecting the city’s assets and resources.
A two-building, mixed commercial-residential project next to the planned Allston Landing development could bring nearly 400,000 square feet of lab space to the neighborhood if approved.
In many markets the demand for lab spacehas exceeded the current inventory of available lab space, leading to the trend of building owners and developers exploring the option of converting existing commercial office buildings to provide a much-needed solution.
As the office market in Greater Boston continues to suffer amidst the pandemic – with firms listing more than 2.7 million square feet of office sublease space in recent months – the region’s life-science sector remains red-hot, as biotech and pharmaceutical companies continue to sign major leases and relentlessly look to expand.
General Electric’s scrapped plans for a new headquarters tower will open up new opportunities for life science growth in Boston’s Seaport District with the approval of a 316,750-square-foot office-lab building at 15 Necco St.
A comprehensive revamp of the 30-year-old Cambridgeside mall would include 575,000 square feet of additional development including 200 housing units and office space, and new sidewalk-facing storefronts.
A proposed office-lab tower that’s drawn criticism from Fort Point residents has been redesigned with a new brick base to match the historic architecture of the former industrial neighborhood.
