JLL arranges joint venture equity and $300M construction loan for spec office in Cambridge prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Boynton Yards life sciences campus development progresses
Alexander Thompson / somerville@wickedlocal.com
As evidenced by the nine-story lab building nearing completion across the MBTA tracks from Union Square, progress on the Boynton Yards life sciences campus development continues apace.
The building, located at 101 South St. and expected to be finished this summer, is just the first of three labs that present further evidence that the Kendall Square biotech boom is spilling over into Somerville.
However, community members and the developers both say the new development will not be a copy and paste of Kendall Square’s high-density playbook onto the 6.5 acres of Ward 2 that were once home to the Gentle Giant Moving Company and vacant lots.
The Spirit of the Bunker Hill Projects Will Live On charlestownbridge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from charlestownbridge.com Daily Mail and Mail on Sunday newspapers.
Northboro life sciences building sold for $33M
NORTHBORO Sanofi Genzyme’s Northboro Global Operations Center, a 212,000-square-foot life sciences building located at 11 Forbes Road, sold for $33 million last month.
The property was purchased from CEGM Northborough, a subsidiary of Chicago-based Capri EGM, to a joint venture between Connecticut real estate investment firm Wheelock Street Capital and Boston real estate investor Camber Development.
The Northboro Assessors Office values the 19.3-acre property to be worth $22,430,400.
Sanofi Genzyme, a biotechnology company based in Cambridge, has a long-term lease at the property and uses the two buildings as a packaging, testing and distribution facility.
A green barrier: To replace decrepit Bunker Hill complex, developers say, 250 trees must fall
By David Abel Globe Staff,Updated March 7, 2021, 4:52 p.m.
Email to a Friend
To make way for the long-delayed replacement of Charlestownâs Bunker Hill public housing complex, the developer and city officials have said they must remove about 250 of the mature trees.David L. Ryan/Globe Staff
With the Tobin Bridge looming above and a vast expanse of asphalt below, the towering maples, elms, and hundreds of other decades-old shade trees supply fresh air and a hint of grace to a bleak stretch of urban decay in Charlestown.