BLDUP Newsletter

585 Third Street Update 08/31/18

BioMed Realty Acquires Parcel for $50.5 Million

BioMed Realty has acquired the property at 585 Third Street in Cambridge for $50.5 million. The property features a .82-acre lot, formerly known as Constellation Center, and has now been rebranded as Block 585. It is an urban transit-oriented development site capable of supporting a variety of uses.

The initial development plan was to create a performing arts center with five halls and 110 public-realm rooms for the performance of music, opera, theater, dance, and cinema. 

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