Three New Leases Signed at Cambridge Discovery Park
The Bulfinch Companies has announced it has signed three new leases with Arbor Biotechnologies, Kintai Therapeutics and Simcere Innovation, Inc. in Building 400‐500 at Cambridge Discovery Park (CDP), Bulfinch’s life sciences development in Cambridge, Massachusetts.
Currently under construction, Building 400‐500 is Bulfinch’s newest addition to CDP adding 283,000 SF of Class A lab and office space to the park with delivery of Q1 2020. These three new leases bring CDP Building 400‐500 to 88% leased with only 32,215 SF remaining available on the top sixth floor. Peter Bekarian, Managing Director at Jones Lang LaSalle, and leasing team served as the broker on behalf of Bulfinch. Evan Gallagher, Senior Vice President at Colliers International, and leasing team represented Arbor Biotechnologies, Mark Winters, Executive Managing Director, Newmark Knight Frank, and leasing team represented Kintai Therapeutics and Joseph Pearce, Director, Newmark Knight Frank, represented Simcere Innovation, Inc.
CDP’s Building 400‐500 is a state‐of‐the‐art, LEED Gold registered building, designed by Stantec, and located in a federally designated Economic Opportunity Zone. The six‐story building was topped off in April 2019 and is set to deliver in Q1 2020, with John Moriarty & Associates serving as General Contractor. The building is designed with a connector on the third through sixth floors over the private Discovery Way Drive with two distinct lobbies. The property includes unobstructed views of the Boston Skyline, including the Prudential Center, Hancock Tower and the new Four Seasons and close proximity to Alewife T Station. In June, Bulfinch announced that FogPharma and its affiliate company, LifeMine Therapeutics, both current tenants in CDP’s Building 100, will be relocating to occupy 114,490 SF in Building 400‐500, and will have signage rights with an exclusive lobby.
Arbor Biotechnologies will occupy 36,171 SF of space on the fifth floor in Building 400‐500. Arbor is an early‐stage company pushing the boundaries of biodiscovery by unlocking nature’s genetic diversity to create transformative products in human health and sustainability. Arbor’s proprietary platform integrates a computational search engine with high‐throughput experimental capabilities to enable both rapid protein characterization and product generation. Arbor was recently selected for MIT’s STEX25, a startup exchange featuring cutting‐edge industry‐ready startups that are poised for significant growth. This new, state‐of‐the‐art space in Building 500 will help support the company’s growth.
Kintai Therapeutics has leased a total of 72,296 SF on the third and fourth floors of Building 400‐500. Kintai was founded in 2016 by Flagship Labs, the innovation foundry of Flagship Pioneering. The company’s Precision Enteric MedicineTM (PEMTM) discovery and therapeutic platform is based on a deep understanding of the interconnected biology of the microbiome, gut immune system, and enteric nervous system. Kintai has pioneered a new frontier in gut science, resulting in a unique understanding of a wealth of new genes, metabolites, and signaling molecules, leveraging these insights to rapidly translate into a highly actionable pipeline. Kintai has a portfolio of more than ten programs focused on multiple therapeutic areas, including oncology, neurology, and immunology. Kintai is moving to CDP to meet its space requirements following continued momentum and growth.
“Kintai is developing pioneering therapeutics based on our unique understanding of the body’s enteric signaling network,” said Paul Peter Tak, M.D., Ph.D., president and chief executive officer of Kintai. “The company has been successful in utilizing a multidisciplinary approach to analyze and generate large integrated datasets and start multiple disease programs. We are pleased to have found the high‐class facilities required to accommodate the growth of the company and support the work we are doing to advance new treatments for patients in need.”
Simcere Innovation, Inc will occupy 26,349 SF on the second floor of Building 400‐500. Simcere Innovation is focusing on the research and development of life‐changing therapies to our patients using cutting‐edge technology, such as cell and gene therapies. The company is providing a very innovative model – “internal entrepreneurship” – to combine the research and development with open innovation and partnerships in an effective and creative way. Simcere Innovation is a company of Simcere Pharmaceutic Group, which is a China’s leading R&D‐driven pharmaceutical company and has been nationally ranked in China for a number of years. Simcere Innovation, which will serve as the company’s first US location and national headquarters, has collaborated with top companies, including Amgen and Bristol‐Myers Squibb, etc.
“Open innovation is Simcere’s core strategy. In 2013, Simcere established the BioSciKin innovation model and participated in multiple venture capital funds globally,” said Shawn Xu, Ph.D., Founder of Simcere Innovation Inc. “Cambridge is a global hub of life science and continues to be one of the most innovative cities on the planet. Simcere Innovation is aiming to leverage CDP’s global innovation resources to help accelerate our journey in making better medicine available to patients sooner.”
Situated in Alewife’s life science cluster, CDP has emerged as a desirable alternative to East Cambridge’s low vacancy constraints, offering ample space for innovators in Boston’s life science hub. This lab and office campus in Cambridge includes 400,000 square feet in three buildings, two parking garages with space for over 1,000 vehicles, including electric car charging stations, and a 150 room AC Marriott Hotel with conference center, restaurant and bar. Future amenities at Building 400‐500 will include an additional park café and a full‐service yoga and fitness center. Building 400‐500 will mark the completion of CDP’s construction and development.
Measuring 27 acres, CDP is one of the largest campuses in Cambridge, offering a unique natural environment surrounding Alewife Brook Reservation with a variety of walking trails and green space. While set in a natural location, CDP is easily accessible by foot or a short five‐minute shuttle ride from the Alewife MBTA Red Line Station, directly off Route 2 and nine minutes from Route 128. Amenities at CDP include outdoor seating and dining areas, multiple bike racks, bike storage, and bike-sharing and ATM banking.
“We are extremely pleased to announce that Arbor, Kintai and Simcere Innovation have chosen to select CDP’s newest Building 400‐500, bringing the total occupancy at the property to 88%,” said Mike Wilcox, SVP, Director of Leasing at Bulfinch. “Multiple leases signed prior to the building’s completion demonstrates the desire for additional lab, office and R+D space outside of Kendall Square that still maintains convenient access to the MBTA’s Red Line and ‘brain train’.”
Arbor, Kintai and Simcere Innovation will join other notable tenants currently leasing at CDP including Forrester Research, FogPharma, LifeMine Therapeutics, Genocea Biosciences, Inc. and The Smithsonian Astrophysical Observatory.
Harrison Street is a financial partner in the project, which has also worked closely with Bulfinch on several life science projects in the Greater Boston area. Citizens Commercial Real Estate Finance team is leading the construction loan for CDP Building 400‐500 as the lead arranger and administrative agent.
Fit-Out Permit Pulled for Tatte Bakery Coming to 345 Harrison
A fit-out permit has been issued for the new Tatte Bakery coming to 345 Harrison Avenue in the South End. The bakery/cafe's newest location is expected to open this fall. 345 Harrison opened last June and features 585 apartments along with 40,000 square feet of ground-floor retail and restaurant space.
Cronin Development Launches Sales of The St. Regis Residences, Boston
Cronin Development has launched sales of The St. Regis Residences, Boston, with the opening of a “high-touch/high-tech” waterfront sales center at 250 Northern Avenue. The custom-built waterfront space- called the “Experience Center for The St. Regis Residences, Boston,” - offers visitors a high-tech experience, luxury service, and panoramic Boston Harbor views that mimic what buyers will experience inside the tower’s 114 condominiums.
The St. Regis Residences, Boston, which is under construction at 150 Seaport Blvd., is expected to open in early 2021 – which will make it the last residential waterfront development to open in the Seaport neighborhood.
Visitors to the center will be immersed in the history and rituals of the St. Regis brand. They can also see an overview of the Seaport – Boston’s hottest neighborhood, filled with luxury shopping, retail, essential services, public parks, and entertainment venues.
The Center features a built-to-scale model kitchen and bath that allows buyers to preview the highly curated finishes chosen for quality, style, and performance. Buyers can also review a variety of finish options and interior design in the building’s Design Center. BAMO of San Francisco created the residence interiors, the lobby’s modern vision and the look and feel of the amenity floor.
“In the Experience Center, future residents will touch, feel and see the high-level of quality and design we are planning for The St. Regis Residences, Boston – which will be a landmark development,” said Cronin Development Founder Jon Cronin. “When it opens, it will be one of the first stand-alone St. Regis Residences in the world and will mark the debut of the brand in Boston.”
Rising directly on Boston’s waterfront, this residential-only tower features an iconic design from Elkus Manfredi Architects that mimics the curvilinear shape of a tall ship at sail. The tower’s 114 condominium homes will range from one-bedroom to penthouse residences, each with extraordinary views. Residents will have access to owner benefits, as well as the St. Regis brand’s legendary services, including bespoke and anticipatory butler and concierge assistance, and exclusive use of the tower’s entire floor of amenities including swimming pool and outdoor patio, spa, exercise room, library, sports simulator, St. Regis lounge, wine vault, media room and guest suites. The signature restaurant will provide in-residence private dining and preferred reservations as well as cater to residents, guests and neighbors.
Orfano Opens at Pierce Boston
Restaurateurs Tiffani Faison and Kelly Walsh open their highly anticipated Orfano tonight. Guided by the whimsy of “sorry Nonna,” Orfano is a subversive Italian-American restaurant that does not bow to traditions – its orphan spirit breaks away from regions and rules, conventions and expectations. The opening marks Tiffani and Kelly’s fourth restaurant and it solidifies that even their greatest fans cannot predict what they are capable of. As their most upscale concept yet, Orfano, as Tiffani so aptly puts it, “has moves.” The moves extend from the bar to the service to the décor, and underlie Tiffani’s unique ability to translate her own sharp humor into a dining experience that bestows guests with much more than just her gastronomic talent. A culinary maverick, Faison’s special sauce is in her ability to respect a cuisine’s roots while also fearlessly taking it apart and putting it back together in a way that only she could. With Orfano, she delivers next level Italian – delicious, elegant, humorous; distinctly different than anything else in Boston. Orfano seats 96 in total: 16 at the bar, 20 in the café and 60 in the dining room. The café and bar are open to guests without reservations. Reservations are suggested for the dining room. Orfano is located at 1391 Boylston Street Boston MA - on the ground floor of Pierce Boston in the Fenway.
First Units Expected to Open Mid-October at St. Gabriel's Monastery
The first building within the St. Gabriel's Monastery redevelopment in Brighton is nearly complete with first units expected to open in mid-October. Studio through 3 bedroom units range in price from around $2200 per month up to nearly $6500. The new homes include designer cabinets, quartz countertops, keyless entry, walk-in closets, and balconies. The 11+ acre hilltop site, offering great views of Boston, will feature a total of 555 apartments and 105 condos.
CitizenM Open At The Hub on Causeway
The CitizenM hotel at The Hub on Causeway is now open. The European inspired hotel features 272 rooms along with ample common space including an outdoor roof deck with outstanding views. While the rooms at CitizenM may be small they come equipped with smart features including MoodPad-operated lighting and high-quality finishes like XL king beds and rain showers. Rooms rates are currently listed at $279 per night.
Photos courtesy Boston Properties
Next up for The Hub on Causeway, the expected opening of the Star Market and ArcLight theater this fall followed by the first occupancy of the residential tower, Hub50 House. Hub50 House, now leasing, will offer 440 luxury units with an array of amenities including a fitness center overlooking the Zakim Bridge, a game & media room, outdoor deck, Skypool, and Woof Deck.
Lightview Northeastern Nearly Complete
Northeastern University's new massive dorm, Lightview, is nearly complete with finishing touches wrapping up as over 800 students are expected to move in this fall. Lightview offers a variety of 1-4 bedroom apartments along with a host of amenities for residents including a fitness center, entertainment and study lounge areas, and an academic success center. The new building is located just minutes from the NU campus and steps from the Ruggles MBTA station.
Rapid7 Moves Into Posh New HQ at The Hub on Causeway
Rapid7 has officially moved into their new 147,000-square-foot office space at the Hub on Causeway. The new headquarters The firm has more than doubled its global headcount since 2014 and has nearly 500 of the 1,000 employees working locally. The new office space is modern, open, and hopes to create an exceptional work experience for employees.
Images courtesy of Boston Properties
Facade Removal Underway at One Post Office Square
Demo work continues for the upcoming modernization and expansion of One Post Office Square. The existing facade dating back to 1980 is being removed up to the 30th floor and replaced with a new glass curtain wall. On the upper floors, the glass will be applied over the existing facade. New square footage is also being added to the site in the form of a new 18-story building to replace the existing parking garage. This new structure will include 300 fully automated parking spaces with 13 floors of office space above. The upgraded tower will also include new amenity spaces with sweeping views of the surrounding skyline, a fitness and conference center, a restaurant, and retail space.
Facade in Place for Cambridge Discovery Park's Newest Additions
Work on the building envelopes is wrapping up for buildings 400 & 500 at Cambridge Discovery Park. The state-of-the-art, LEED Gold buildings will feature around 280,000 square feet of lab space. Just last month FogPharma signed a lease for nearly 115,000 square feet at the project. The property includes unobstructed views of Boston, two distinct lobbies and ground floor amenities including a café and fitness center. Construction is expected to be completed in the first quarter of 2020.
NEMA Boston Reaches Final Stages of Construction
With an expected opening in just a few months construction is in its final stages for NEMA Boston in the Seaport. Exterior work is nearly complete with all windows and facade in place except for those areas around the hoist crane. The project will feature apartments ranging in size from 375 square foot studios through 1500+ square feet three-bedroom, 2 bathroom homes listed at over $9000 per month. Luxury resident amenities at NEMA Boston, housed on the 21st floor of the building, include a fitness center, chef's kitchen, arcade, and co-working space.
Framing Kicks Off for Omni Seaport
With the concrete cores on the site climbing, framing has also started for the upcoming Omni Hotel in Boston's busy Seaport. The 1,055 room hotel will feature the city's largest ballroom and a 4th-floor pool deck that will allow guests to host year-round events featuring views of the Boston skyline. The luxury hotel will also offer guests access to the Mokara Spa, a state of the art fitness center, and numerous dining options including a French brasserie & boulangerie. The Omni Seaport is set to open in early 2021.