Kavanagh Advisory Group are Developers and Consultants focused on large-scale, complex projects in the Boston area and throughout New England. Kavanagh Advisory Group develop each project from conception to completion, and have extensive experience in permitting, financing, and construction.
Feb 11, 2020
$63.5M Permit Pulled for Phase II of Innovation Square
The building permit, valued at $63,597,000 has been pulled for phase II of Innovation Square. The new 4-story building will feature 265,000 square feet of lab ready space along with 10,000 square feet of retail/restaurant space. The building will also offer parking for 45 vehicles in a below-grade garage.
Jan 19, 2020
$2M Plumbing Permit Pulled for Innovation Square Phase 2
A permit valued at $2M has been pulled plumbing for the core and shell of phase 2 at Innovation Square. The Seaport building will offer 265,000 square feet of lab ready space. Amenities at Innovation Square will include a collaboration center, a fitness center, and a green space. Innovation Square will feature 60 on-site parking spaces, in addition to bicycle storage. Construction is expected to last through the first quarter of 2021.
Jan 18, 2020
Another Extension Granted for Chain Forge Redevelopment
The BPDA has granted another extension to the developers of the Chain Forge hotel project in Charlestown. Due to the complex nature of the project financing has yet to be finalized however Dick Galvin of CV Properties told the board they have lined up an opportunity zone fund from NY for the project and expect this extension granted through April 30th to the be the last. Located in the Charlestown Navy Yard the historic building originally built in 1904 has been vacant since 1974. The new plans call for a 230-room hotel along with an on-site museum to honor the history of the property.
Jan 02, 2020
$4.2M Electrical Permit Pulled for Phase 2 of Innovation Square
A permit valued at $4.2M has been pulled by McDonald Electrical Corporation for the install of the full electrical system at 316-318 Northern Ave. The site is the second phase of Innovation Square and will include approximately 265,000 square feet of lab ready space. Construction is expected to last through the first quarter of 2021.
Dec 27, 2019
Innovation Square Mortgaged for $189 Million
Innovation Square in Boston's Seaport District has been mortgaged via Bank of America for $189 million.
The four-story, 375,000 square foot research, development, and manufacturing facility is located on the east end of Boston's booming Seaport District. The first phase of Innovation Square is a four-story, 125,000-square-foot building, anchored by a two-floor, 54,000-square-foot office for Mass Innovation Labs. The second phase will feature 260,000 square feet of lab ready space.
Sep 13, 2019
BPDA Amends Ground Lease on Chain Forge Hotel To Allow Additional Time for Financing
The BPDA has voted to approve an amendment to the existing ground lease for the Chain Forge property in Charlestown to allow the development team additional time to secure financing. According to the BPDA staff, the team is in talks with two investors to finalize opportunity zone funding. A 60-day extension was granted by the board through November 30th. The developers also agreed to pay a fee of $250,000 due to the delays.
The Chain Forge Building, a 1904-built former chain factory has been vacant since 1974. Plans call for it to be redeveloped into a distinctive 230-room hotel operated by Starwood Hotels. The building's existing facade will be thoroughly restored, and a historic exhibit area will be incorporated into the hotel's lobby, preserving the building's manufacturing heritage.
Aug 26, 2019
Early Stage Site Work Underway for Phase II of Innovation Square
Early-stage site work is now underway for the second building at Innovation Square in the Seaport. Phase II will feature 260,000 square feet of state-of-the-art lab space and is set to be complete in the first quarter of 2021.
Phase I of the project features a four-story, 125,000 square foot building anchored by a two-floor, 54,000-square-foot office for Mass Innovation Labs.
Mar 16, 2019
Notice of Project Change at Innovation Square
The developers of Innovation Square at 6 Tide Street in Boston's Seaport District have filed a notice of project change for the project.
The proposed changes would add 10,000 square feet of local retail, restaurant, and services space along Northern Avenue, as well as 45 parking spaces.
Amenities at Innovation Square will include a collaboration center, a fitness center, and green space. Innovation Square will feature 60 on-site parking spaces, in addition to bicycle storage. The building will feature on-site rapid transit access and is located across from Harpoon Brewery, minutes from Downtown Boston, Logan Airport and Interstates 90 and 93. The following are renderings of Innovation Square:
Sep 12, 2018
Interior Work Underway on Phase One at Innovation Square
Interior work is underway at phase one and the control system is being installed for the first building in the Seaport's Innovation Square development. The first building comprises 125,000 square feet and will be home to the Mass. Innovation Labs. Construction on phase one is set to be complete in the first quarter of 2019.
Phase Two of the project will add another 250,000 square foot building of cutting-edge lab space to the project. Innovation Square will also offer bike storage, on-campus fitness, a collaboration center, on-site restaurants, and private roof decks overlooking Boston Harbor.
Dec 30, 2017
Charlestown Navy Yard's Chain Forge Hotel moves forward with long-term ground lease closingThe upcoming 230-room Chain Forge Hotel in the Charlestown Navy Yard has taken a step forward with developer Kavanagh Advisory Group's closing on a long-term ground lease for the City-owned property. With the lease closing, the proponent will be able to move forward with environmental remediation of the long-vacant historic chain factory, and construction of the hotel. Operated by Starwood Hotels, the extended stay hotel will also include a 6,000-square-foot restaurant and will be located in the heart of Charlestown's historic Navy Yard, minutes from Downtown Boston. Within the hotel will be a chain manufacturing history exhibit open to the public featuring 38 historic pieces of industrial machinery. Construction site preparation work on the Chain Forge Hotel property is expected to begin in the coming months.
Dec 20, 2017
First phase of Innovation Square lab project in Seaport, anchored by Mass Innovation Labs, breaks ground
A groundbreaking ceremony was held Wednesday for the $50 million, 125,000-square-foot first phase of Innovation Square in the Seaport District, which will be anchored by a new two-floor, 54,000-square-foot office for Mass Innovation Labs. The groundbreaking of the four-story building follows Mass Innovation Labs’ announcement earlier this week that it will lease 84,000 square feet at The Auerbach Center, a 160,000-square-foot mixed-use building coming to the 15-acre Boston Landing development in Brighton, opening June 2018. Mass Innovation Labs also announced earlier this month it will lease 52,000 square feet at 21 Erie Street in Cambridge.Mass Innovation Labs will open its’ Seaport office by the first quarter of 2019. “Mass Innovation Labs is the perfect tenant to kickoff [Innovation Square],” said Stephen Faber, President of Innovation Square co-developer Related Beal, in a prepared statement. “They nurture innovative, entrepreneurial, high growth organizations with the potential to create a substantial economic engine for Boston and the commonwealth.” Cushman & Wakefield represented Mass Innovation Labs in the lease, and JLL represented Related Beal and Innovation Square development partner Kavanagh Advisory Group. Upon full buildout, Innovation Square will feature 360,000 square feet of lab space. East Boston Savings Bank provided nearly $51.5 million in construction financing for the development’s first phase. Additional space at Innovation Square is now available for lease.
Jun 17, 2016
Seaport District's Innovation Square moving forwardPer the Boston Redevelopment Authority (BRA) website, the approved Innovation Square industrial project in the Seaport District is moving forward. As of this past Tuesday, June 14th, 2016, the project's official phase is listed as Under Construction.The project has been in the works since November 2012, when developer Kavanagh Advisory Group was designated as the site's tentative developer. The project was approved for construction in December 2013.This page will be updated with further details as they become available. More information about the approved Innovation Square project is posted below.
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