BioMed Real estate has secured authorizations from the Cambridge Common council to create a modern-day mixed-use project in Cambridge’s Kendall Square. The 16-story structure will house significant laboratory space, in addition to specialized interior and also outside public/cultural space.
The structure will consist of a $40 million arts room and an extra $15 million public space and also task location. BioMed acquired the growth website for $50.5 million in 2018 from technology benefactor Glenn KnicKrehm. KnicKrehm had long guaranteed to develop a grand auditorium at the website. Present prepare for the site phone call for a 250-foot, three-tiered lab tower with 40,000 square feet of public arts and also culture space at its base.
Construction is expected to start in March 2022 with an approximated conclusion date of 2024.
For remarks, inquiries or issues, please contact David Cohen