News: Owners Developers & Managers

Urban Spaces to break ground on Kendall East mixed-use complex - a mixed-use apartment complex comprised of 136 units and 14,800 s/f of retail

Cambridge, MA Urban Spaces, a commercial real estate development company, has begun demolition on its former headquarters to make way for Kendall East, a mixed-use apartment complex comprised of 136 units and 14,800 s/f of retail. The site, which encompasses 99-119 First St., 18 Hurley St., and 29 Charles St., is located across from CambridgeSide, a mixed-use one million s/f shopping center, and is located near Kendall Sq., Lechmere Station, and Cambridge Crossing. 

Designed by architectural firm Perkins Eastman, Kendall East is set to begin construction of the new buildings this month. The larger of the two pet-friendly buildings in the complex will include 118 apartments above 14,800 s/f of ground floor retail and 23 surface parking spaces to support the retail. This parcel was once home to interconnected office and retail buildings (including the Urban Spaces headquarters and Petco). An additional 18 residential units will be built on the adjacent parcel. The two buildings will share a two-level underground garage with 142 parking and 159 bicycle spaces that will be built underneath a half acre open air green space. The space will include a bike and pedestrian path that will connect Charles and Hurley St. Construction is expected to be completed in 2020. 

 The complex will be comprised of a four-story and a six-story wood frame building constructed over steel and concrete podium. The 136 apartments will be a mix of studio, one, two, and three-bedroom units, with 16 designated as affordable.  

Kendall East is an integral component of the First St. Corridor, a $275 million development that is adding much-needed vitality to the one mile stretch between the Lechmere MBTA station and Kendall Sq.–the center of the city’s life science and technology hub–with a blend of residential, retail, office, and open space. When completed, the development will add 53,000 s/f of office space, 50,000 s/f of retail, 250 parking spaces, and over 250 housing units to the area. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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