Greystar Tees Up 1.6M SF Somerville Hotel, Lab Project
Greystar’s second Somerville project would include nearly 1.6 million square feet of hotel, office and lab space steps from its nearly-completed 74M tower.
Supply Glut Prompts a Look Beyond Labs
Greater Boston’s 16 million-square-foot lab construction pipeline used to represent an exclamation point for the region’s life science industry. Today, it’s one of the biggest question marks in the local commercial real estate market.
Somerville Lab Construction Continues Amid Industry Uncertainty
BioMed Realty is targeting a mid-2023 completion for the first phase of its 495,000-square-foot Assembly Innovation Park campus. The San Diego developer and construction manager John Moriarty & Assoc. held a topping-off ceremony Thursday for the project.
Developer Sues Over Sale Price of Assembly Square Property
A New York developer that owned an Assembly Square commercial property for decades says it was shortchanged by $22 million on the 2018 sale of a life science development site acquired this year by BioMed Realty for nearly $200 million.
Hot Property: Assembly Square Development Site
BioMed Realty plans to develop 1.3 million square feet of office, lab and retail space at a newly-acquired development site in Somerville’s Assembly Square.
Life Science Sites Await Industry Spillover
Greater Boston’s massive life science real estate boom largely bypassed Somerville and Charlestown in recent years as growing firms gravitated toward western suburbs instead.
New Xmbly Developer Seeks More Lab Space
A leading life science developer is taking over redevelopment of an Assembly Square site with plans for a larger office-lab project than was originally approved by Somerville officials in 2018.
A Blueprint to Remake Alewife
Now that Wall Street investors have discovered the Alewife neighborhood and its fast-growing life science cluster, change seems inevitable and Cambridge officials have completed a playbook designed to shape future development.
Federal Realty Hints at Assembly Square Expansion
Kmart’s pending closure at Somerville’s Assembly Marketplace could open the door for redevelopment of a 6-acre big-box property next to the successful Assembly Row project.
Deutsche Bank Lends $61M for Malden Spec Redevelopment
Berkeley Investments has begun a 300,000-square-foot speculative redevelopment in Malden Center, where it’s marketing space at the former bank data center to office and R&D tenants.
Apartment Developer Buys Assembly Square Site For $34M
Apartment developer Wood Partners is expanding its Greater Boston portfolio with the acquisition of a Somerville development site which is approved for a 329-unit apartment complex, including 20 percent income-restricted units.
From Brownfield to a Full-Service Neighborhood in Somerville
In Somerville, transformative projects both at Assembly Row and Union Square are creating mixed-use, transit-oriented neighborhoods with amenities and character that rival Kendall Square and The Seaport.
10 CRE Stories to Watch in 2019
As projects in Somerville, East Boston, Allston-Brighton and South End move forward, developers of large vacant commercial properties in Newton and Woburn are laying out plans for mixed-use projects totaling over 3 million square feet.
Local Partnership Buys Assembly Square Development Site
A partnership including Boston-based Cresset Group and Novaya Ventures has acquired a 9-acre property in Somerville’s Assembly Square, where the previous owner proposed a 1.9-million-square-foot mixed-use development.
Taurus Is Bullish On Industrial Real Estate
Peter Merrigan just raised $250 million to spend on real estate over the next 18 months, and he’s looking to buy industrial properties.
1.9M SF Assembly Square Development Plans Detailed
A new development proposal for Somerville’s Assembly Square would target biotech tenants with an 18-story, 480,000-square-foot office and lab tower as part of a 1.9-million-square-foot mixed-use project.
