Housing Starts to Fill Up Office Parks
Developers are pursuing plans for nearly 4,000 homes on sites currently occupied by office buildings, and more are in line for empty parcels in the same commercial parks.
Developers are pursuing plans for nearly 4,000 homes on sites currently occupied by office buildings, and more are in line for empty parcels in the same commercial parks.
Between office parks it owns in Waltham, Weston and Lexington, the office mega-landlord now has plans to add around 2,300 new homes in the western Route 128 corridor.
Developer Lupoli Companies’ 2.3 million-square-foot, mixed-use reimagining of an old IBM campus on Interstate 495 now has a major tenant.
A Boxborough office park will use $38.2 million in financing from Cambridge Savings Bank for capital improvements including a food and craft beer hall.
After adding a hotel and restaurants to The District office park in Burlington, National Development proposes three life science buildings totaling 665,000 square feet to add momentum to the town’s growing lab market.
The new owners of the former CISCO regional headquarters campus in Boxborough have hired brokerage Newmark to study alternative uses to maximize its future development potential.
Industrial developer Campanelli has acquired the Cisco Systems office campus near Interstate 495 on the Boxborough-Harvard border, including 110 acres that are suitable for development.