MIT Kendall Square Initiative Update 02/23/21
100K SF Kendall Coworking Lab Space Secures $22.4M in Funding
LabCentral, Inc. has secured sponsorship commitments valued at $22,400,000 from Thermo Fisher Scientific and Waters Corp. to kick off development of LabCentral 238 - a 100,000 SF shared laboratory space project at 238 Main Street - part of the larger MIT Kendall Square Initiative.
Plans call for two phases of development, with the initial construction phase building out 50,000 SF of lab space expected to wrap up in November 2021. Part of the MIT Kendall Square Initiative, the neighborhood-wide development project involves six new buildings under construction in Kendall Square including approximately 888,000 square feet of office space, 115,000 square feet of retail, 450 graduate student housing units, 290 housing units and over 1.8 acres of open space.