News: Owners Developers & Managers

DivcoWest breaks ground on a new 375,000 s/f life science building

Cambridge, MA DivcoWest has broken ground at 441 Morgan Ave., a ten-story, 375,000 s/f life science building, situated in the growing innovation hub that is Cambridge Crossing (CX), the new 43-acre mixed-use neighborhood well underway at the intersection of Cambridge, Somerville, and Boston.

Following the recently announced expansion by Bristol Myers Squibb, 1.7 million s/f of commercial space at CX is currently leased. Tenants of 441 Morgan Ave., an institutional quality lab building, will join a thriving ecosystem of innovative companies that includes Sanofi, Bristol Myers Squibb, Philips, Cerevel Therapeutics, and Thrive Earlier Detection.

“Our goal isn’t to simply create buildings, but to create an environment that supports the mission of our tenants, provides room to grow, and accelerates groundbreaking research that positively impacts lives,” said Mark Roopenian, managing director at DivcoWest. “We are proud to have broken ground at 441 Morgan Ave., providing more opportunities for innovation to thrive, and thank all of the hardworking women and men who continue to bring CX to life everyday.”

Created to meet today’s highest health and technology standards, 441 Morgan Ave. is comprised of 10 lab floors plus two penthouse floors, five outdoor terraces with views, and will utilizethe newest View Glass Technology, dynamic glass designed to create a more efficient environment that improves the well-being of those within. Adjacent to CX’s centerpiece that is The Common at CX, a five-acre park, this new building also offers many ways to bring work inside out whether on its multiple terraces or in the abundance of connected green space. The life science building is designed with minimal interior columns and generous ceiling heights to allow maximum flexibility to meet the changing demands of research-focused companies. DivcoWest anticipates the building’s delivery to occur in early 2023 for tenant interior buildout.

Designed by Ennead with Jacobs Consultants as the architect of record, 441 Morgan Ave. furthers DivcoWest’s dedication to high environmental standards and is expected to achieve multiple certifications that include LEED Gold, WiredScore Platinum and WELL, emphasizing the firm’s commitment to sustainability and the health and wellness of its tenants. The building also offers superior proximity to two MBTA subway lines, access to bike storage with showers and repair stations, and three below-grade parking levels equipped with EV charging stations.

This groundbreaking marks the fifth milestone for onsite progress at CX in the past year, with 2.1 million s/f currently under construction. The event follows three topping off celebrations at 250, 350, and 450 Water St., and the completion of CX’s stand-alone retail building, The Shed, now home to Will Gilson’s multiple restaurants The Lexington, Café Beatrice and Geppetto, and soon Lamplighter CX.

Offering close proximity to Kendall Sq., MIT and Harvard, CX is a thoughtfully-designed, vibrant neighborhood and will be a dynamic life-science hub that inspires collaboration, innovation and connection.

Once complete, the community will provide a one-of-a-kind place for employees, residents and neighbors connected to two MBTA stations and surrounded by 11 acres of open space, an eclectic food scene, neighborhood retail and more than 2,400 residences in addition to the already 2,500 residences in close proximity.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary