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Image courtesy of HGA
Seeking to build a new consolidated campus, a North Shore life science company is tackling the question of how to design power-hungry lab buildings with minimal fossil fuel consumption.
At an abandoned quarry in Manchester-by-the-Sea, Cell Signaling Technology plans to tap into the underground terrain for a geothermal heating and cooling system for its proposed 250,000-square-foot development.
CST hired Boston-based architects HGA to design the two-building office-lab development, whose creation has been driven by CST CEO Michael Comb’s determination to demonstrate the company’s environmental commitment through a sustainable real estate development.
What else is on tap today?
- M&T Cuts CRE Loan Book: The announcement, in M&T’s Q1 earnings call, came after the bank came in for criticism by a major credit ratings agency.
- Higher for Longer? Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation.
- Eng Reflects on First Year at T: When he was announced last spring as the new general manager for the much-assailed transit agency, Phil Eng declared that it was “time for a new way of doing business at the MBTA.” A year later, has he done it?
What did I miss?
Here’s what you might have missed in Sunday’s newsletter. Not a B&T subscriber? Fix that here.
- The nation’s multifamily owners are facing a financial crunch as they try to refinance construction and other loans. But Boston is likely to see a lot less distress than Sunbelt cities, experts say.
- A renovation designed by architects Margulies Perruzzi created a 20,000-square-foot training center including interactive learning spaces for doctors and Boston Scientific Corp. employees in Marlborough.
- High mortgage rates, soaring house prices and rising construction costs have driven many flippers out of the market. And with their exit comes a great opportunity for people eager to buy a fixer-upper of their own.
