585 Third Street Update 04/10/23

585 Third Street Development Sold for $49.4 Million

NStar Gas Company has sold 330 Third Street in Cambridge to for $49,488,490.92 as the utility provider prepares to decommission the gas transfer station. Currently under construction, plans call for a 15-story, 250-foot life science research tower with an approved $40 million, 40,000 SF public arts space as well as a $15 million ground-floor public space.

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