IDB Lab Conversion Attracts Nine Leases
Lab space conversions within Boston’s Innovation and Design Building received strong response from tenants that translated into 260,000 square feet in recent leases.
BPDA Approves Lab Projects, Chinatown Housing Developer
The Boston Planning and Development Agency approved a life science project near Charlestown’s Sullivan Square and picked development teams for a lab project in the South Boston marine park and housing on a city-owned parcel in Chinatown.
Stantec Combining Boston Offices with Downtown Move
Design and engineering firm Stantec will consolidate its two Boston offices and relocate to 40 Water St. in the Financial District as part of its new hybrid workplace strategy.
Related Beal Offers $131M for Marine Park Site
With an offer that topped two other developers’ by over $19 million, Related Beal is set to be awarded the rights for a 337,516-square-foot project in South Boston’s Raymond L. Flynn Marine Park including a new job training center for the Gloucester Marine Genomics Institute.
South Korean Investors Buy Post Office Square Portfolio
Related Beal’s 372,000-square-foot Congress Square property overlooking Boston’s Post Office Square has been recapitalized for $342 million with a pair of South Korean investors, Hana Financial and KTV Asset Management, acquiring a 95-percent ownership share.
Lab Plans Filed for Rutherford Ave. Site
Development of a former self-storage property would add 101,500 square feet of life science space to the growing industry cluster in Charlestown.
Personnel File – No. 261
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s the 261st edition of Banker & Tradesman’s Personnel File.
Tunnel Troubles in Fort Point
Approval of Related Beal’s 1.1 million-square-foot Channelside development in Boston’s Fort Point hinges partly on whether the buildings can avoid placing additional weight upon the parking lot that sits 10 feet above the Interstate 90 tunnel.
Banker & Tradesman’s Editorial Cartoon: Problem? Solution!
What do you do as a developer confronted with a thorny infrastructure problem underneath your planned Fort Point life science project? Go big or go home!
Lab Developers Stake Out Submarkets
Using data from brokerages Newmark, JLL and Colliers International, plus information from tenant and landlord SEC filings and earnings presentations, Banker & Tradesman has compiled a look at who dominates some of the most active life science submarkets and what’s in the pipeline.
Biotech Signs onto Fenway Lab Project
A publicly-traded biotech has signed on as the first life science tenant at Related Beal’s One Kenmore office-lab redevelopment in the Fenway.
Related Beal Adds Biotech Firm to South Boston Complex
A Cambridge biotech firm that announced plans last month for a $40-million IPO is joining the life science cluster at Related Beal’s 451 D St. in South Boston.
Nubian Square Move Offers Path to Stability
The technical school had been poised to stabilize its finances through the sale of its century-old home in South End to developer Related Beal, while building a new facility in the emerging business and arts cluster in Roxbury, according to designs reshaped by the pandemic.
Self-Storage to Labs Swap Sought in Charlestown
Just 13 days after buying a three-parcel industrial site in Charlestown for $74.5 million, developer Related Beal is seeking to demolish the 645-unit CubeSmart Self-Storage facility at 420 Rutherford Ave. to build a 101,000-square-foot R&D building.
MassDOT Has ‘Significant’ Concerns Over Development’s Effects on Tunnel
State officials have “significant” concerns about a proposed 1.1 million-square-foot development in Boston’s Seaport District located near a source of groundwater leaks into the Interstate 90 Central Artery Tunnel.
Whoop Picks Kenmore Square for New HQ
Fenway-based fitness wearables company Whoop has signed the first office lease at Related Beal’s One Kenmore Square development as its new corporate headquarters and home base for approximately 1,000 employees.
Mass Pike Lab Towers Ready to Launch
A well-capitalized life science developer will add a Kendall Square flavor to the Fenway with a pair of office-lab towers accelerating the growth of the neighborhood’s life science cluster.
Related Beal Unveils South End Luxury Building
Related Beal has begun taking reservations for its new luxury residential development under construction in South End, which will include Boston’s first “Dog City” day care and pet spa.
BPDA Set to Offer Life Science Parcel in Marine Park
A nearly 2-acre site in the South Boston marine park is set to be offered for redevelopment as potential life science space in one of the industry’s most active frontiers.
Related Beal Partners With Jamestown on IDB Upgrades
Developer Jamestown is partnering with Related Beal on a 50-50 joint venture for the future of the Innovation and Design Building in Boston’s Seaport District with a plans to add more office and lab space in 2021.
