50binney003

Boston Development’s Edge in the Life Science Market


JM-Electrical-logo

Powered by JM Electrical Company, Inc.


Earlier this summer, Governor Baker doubled down on the state’s tremendous success in the life sciences by asking lawmakers to approve a new five-year, $500 million life sciences investment. Since the Massachusetts Life Sciences Center was launched with an initial 10-year, $1 billion initiative in 2008, Massachusetts solidified and enhanced its reputation as a major hub for research and development. The state now has nearly 1,000 life sciences companies, with roughly 68,000 workers. Of the Commonwealth’s 12 initial public offerings last year, all but three were in the life sciences sector.


By now, most people can identify the underpinnings of this success: great research institutions, a quality workforce, a finance infrastructure that understands the industry’s needs. Currently, the Boston-Cambridge area represents more than one third of the industry’s venture capital funding, outpacing even San Francisco in terms of annual biotech funding from venture capital companies.


Clusters of companies working in close proximity to neighborhoods such as Kendall Square, Longwood Medical and – most recently – the Seaport have also fueled the industry’s collaboration and growth. Vertex Pharmaceuticals initially put the Seaport on the map as a life science hub after building a new world headquarters at Fan Pier in 2011. Since then, several others have followed suit, including Intarcia Therapeutics on Marina Drive, as well as Emulate, Inc. and Ginkgo Bioworks, both in the up-and-coming Innovation and Design Building on Drydock Ave. The newly-reimagined Seaport neighborhood is now the fastest growing part of Boston, stimulating significant economic growth in the city – approximately 5,000 new jobs have been created in the Innovation district, and over 200 new companies have already been formed.


Vertex

The 1.1-million-square-foot Vertex Pharmaceuticals headquarters in the Seaport District, featuring electrical installation by JM Electrical Company, Inc.


What’s often overlooked is another key component of this success: a development and contractor community that knows how to build the lab spaces and other buildings these companies need.  Life science spaces rely on sophisticated systems to keep labs at particular temperatures and to let technicians know when problems arise. The contributions of this region’s developers, builders, and subcontractors - who understand the precision and expertise needed to meet this industry’s special construction requirements – are quiet factors for why Greater Boston’s life science industry remains world-class.


Building biotech facilities requires specialties that the average electrical contractor or construction company in other parts of the country simply may not possess. Increasingly, companies are looking to contractors with expertise in these environments, ensuring these highly complex systems are done correctly. This includes special installation requirements, specialty lab control systems that deal with sensitive work environments and, occasionally, special protocols to complement these installations.


BU CILSE

Boston University's new Center for Center for Integrated Life Sciences and Engineering, featuring electrical installation by JM Electrical Company, Inc.


The Boston development industry is continuing to enhance its technical expertise in this area, which enables companies like JM Electrical to keep up with the requirements of these facilities while adding to established service offerings. Particularly with increasing projects at higher education facilities, hospitals and pharmaceutical companies, the building community is experiencing firsthand the reinvigorated demands of the life science boom here in Boston, requiring increased staff as well as field personnel to ensure that all installations are done on time and on budget.


It’s important to recognize just how rare this is. Even some of the country’s most flourishing towns and cities simply lack the local talent to support an industry as sophisticated as Massachusetts’ life science sector. While many here in Boston have become experts in these projects, others areas have had limited exposure. The expertise that many in this market have should not be dismissed when developers are looking to build new life science facilities. Servicing life science facilities with our brand of sophisticated installation and technical expertise has become a touchstone for JM Electrical, and other companies in Greater Boston. And as the building boom continues, working at high-profile, multi-use developments like Pfizer at 610 Main Street in Kendall Square or projects such as Boston University’s Center for Integrated Life Sciences & Engineering provides the building community with first seat access to the growing evolution of the state’s innovation infrastructure. For the next biotech building going up in the region, it’s important that all contractors possess the knowledge and experience needed for this increasingly sophisticated market.


Pfizer

The recently completed Pfizer headquarters in Kendall Square, featuring electrical installation by JM Electrical Company, Inc.

Contributor Bio

JM Electrical Co., Inc. was established over 30 years ago by Paul A. Guarracino who wanted to provide the highest level of quality service to the commercial electrical contracting market. Over the years, this commitment to service along with highly experienced and dedicated personnel has allowed our company to grow its customer base and make significant contributions to major projects in the Greater Boston area.


Today, JM Electrical enjoys a reputation as an industry leader in installing building automation systems and HVAC controls. JM Electrical possesses the technical expertise to assist our customers in executing all projects from selection to installation of the most sophisticated and cost-effective building management systems.

JM Electrical Company, Inc. >>

Related News

Going Green: How Modern Atriums Benefit the Workplace
Feb 21, 2018 - A recent study conducted by Harvard reaffirmed the positive im...
Interior Doors + Room Dividing Systems inside Your Future Developments
Mar 07, 2018 - Interior doors are, irrevocably, one of the most...
Trump Budget Proposal: What it Means for Development Projects in 2017
Apr 14, 2017 - Many millennials and other young people walking through Somerville’s ...
National Preservation Month: A celebration of Boston’s rich architectural heritage
May 26, 2017 - Initiated in 1973 by the National Trust for Historic Preservation, th...
KITCHEN COUNTERTOPS IN YOUR DEVELOPMENT, A DEFINITIVE BUYING GUIDE
Feb 02, 2018 - The kitchen countertop is arguably one of the most distinguishing fea...
With Housing Prices Rising, Developers May Be Under Increasing Pressure to Address Affordable Housing Need
Jun 21, 2017 - As housing prices skyrocket and more and more neighborhoods become ge...
Maximizing ROI: Achieving Added Height with Wood Framing is on the Up and Up thanks to New Building Code
Jul 03, 2017 - When undertaking a building development in the expensive Boston real ...
Why Construction Costs Are On The Rise
Mar 24, 2018 - There are a variety of factors driving up construction costs
6 Low-Cost Upgrades Every Multi-Family Should Have
Mar 24, 2018 - Upgrades to attract and retain prospective tenants
Technology: Changing the way we build
Apr 05, 2018 - Advances in technology continue to improve the construction industry
Imagine Boston 2030: Walsh’s Impact on the Future of the City
Aug 21, 2017 - As the Boston Globe recently observed, the awarding of the 202...
Co-Working Space: The Future of Real Estate
Apr 13, 2018 - Co-Working Space: The Future of Real Estate
Learning and Community: Colleges Moving Towards Flexible Spaces
Mar 22, 2018 - Colleges and universities around the country are working with a new b...
Massachusetts Building Code Updates' Impact on Local Development
Jul 10, 2017 - Recently, the state Department of Public Safety (DPS) announced that ...
2 MODERN BATHS FOR TRADITIONAL + CONTEMPORARY TASTES
Sep 20, 2017 - ALTAMAREA BATHROOM BOUTIQUE: WORSHIPPERS OF THE MODERN SPA
The State of Labor Supply in the Construction Industry
Dec 21, 2017 - It is well known that the construction industry is one of the most se...
Sports Stadiums: Rebuilding Local Neighborhoods, Enhancing Local Economies
Nov 16, 2017 - For years, building sports stadiums – particularly in urban ar...
Why The Future of Massachusetts Lies Within Its’ Gateway Cities
Nov 30, 2017 - As one of the United States’ original 13 colonie...
The 8 Most Unique Open Space Locations in Boston
Jan 30, 2018 - As Boston experiences its biggest building boom in decades, public sp...
2018 Kitchen Trends for High-End, Luxury Developments
Dec 05, 2017 - As 2017 comes to an imminent close, we have time to reflect on...
The Art of the Occupied Renovation
Jan 31, 2018 - While all development projects require careful consideration of a leg...
The Boston Housing Market’s Battle of Amenities
Sep 24, 2017 - The ongoing growth of the Boston development market has spurre...
Divine Design Center Creates Cutting-Edge Custom Kitchen at Cambridge Multi-Unit Development
Oct 11, 2017 - As the old adage goes: out with the old, and in with the new. And, ne...
Combating Traffic Congestion: The City of Boston’s Innovative Solutions
Oct 19, 2017 - The last time you were stuck in traffic, you probably wondered if con...
Brookline's 29 Thorndike Street and the Newly Changing Backdrop to Urban Development
Nov 15, 2017 - As we see the seasons begin to change, and a new year upon us, Divine...
Greater Boston’s Impressive Job Growth Surges Multifamily Housing Permitting
Dec 25, 2017 - In recent years, Boston has experienced far-above-average job and pop...
European wardrobe systems and the future of multi-unit developments
Oct 25, 2017 - Remember that saying, “If you build it, they will come”? Well, 2017 t...
The Impact of President Trump’s Tax Plan on the Real Estate Market
Jan 31, 2018 - President Trump’s impending tax overhaul, the Tax Cuts and Job...
10 Boston Development Moves to Watch in 2018
Jan 03, 2018 - After several years of what is possibly the biggest building boom in...
Retrofit: Maximizing Boston’s Unique Industrial Architecture for Modern Office Culture
Jan 18, 2018 - Boston’s architectural landscape offers the unique opportunity to ret...
2018 Kitchen Appliance Trends for Luxury Developments
Jan 08, 2018 - While many choose to ring in the New Year with champagne and grand re...
Massachusetts Advances Best Practices in Soil Reuse and Reclamation
Jan 04, 2018 - Over the past decade, there has been a national focus on advancing ‘b...
Top Boston Buildings Investing in Technology and Resident Experience
Feb 13, 2018 - The latest construction boom has resulted in the creation of m...