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Image courtesy of Stantec
The developer of a 19-story lab tower in Somerville’s Assembly Square is seeking an extension to redesign the project following a change of ownership and continuing sluggishness in life science leasing.
DivcoWest’s 596,000-square-foot project at 120-132 Middlesex Ave., originally known as Brickyard at Assembly, was approved in 2024. If developers don’t obtain a building permit by May 5, the special permit will expire.
What else is on tap today?
- Fire at Hines’ Tower: A blazing pile of materials outside Hines’ under-construction South Station Tower set off a large response from the Boston Fire Department Tuesday morning.
- Leominster Development: Southborough-based Capital Group Properties plans to develop a 67,500-square-foot industrial building for completion in early 2025 after acquiring a Leominster parcel.
- Beacon Hill’s Big MBTA Plans: House Democrats want to inject hundreds of millions of new dollars into the MBTA, calling for a sharp increase in operating budget support and funding for new initiatives such as a hiring and training program.
Show me the data!
How has the market for single-family mortgages changed?
What did I miss?
Here’s what you might have missed in Sunday’s newsletter. Not a B&T subscriber? Fix that here.
- When a bank borrower is in trouble, Tom Desmond gets a call. As the founder and managing partner at New England Consulting Partners, he helps middle-market companies rescue themselves and keep creditors whole.
- What has zoning reform really accomplished in Cambridge? The Harvard Joint Center for Housing Studies’ Magda Maaoui investigates.
- Rather than viewing development as a zero-sum game, in which every win represents someone else’s loss, the conversation needs to shift to collaboration, Malia Lazu argues.
