About 303 Binney Street
Kendall Square, Cambridge, MA 02141
3.63-acre Kendall Square industrial property on which stands an existing approximately 75,000 square foot warehouse home to Metropolitan Pipe and Supply Company. Alexandria Real Estate Equities acquired 303 Binney Street in March 2017 for $80.25 million, or $22.1 million per acre, and intends to develop a new office or laboratory property on the site.
303 Binney Street is currently entitled for the development of 163,399 office or laboratory square feet; Alexandria intends to seek additional entitlements. 303 Binney Street is located steps from the 644,771 square foot One Kendall Square office and retail campus, which Alexandria acquired for $725 million, or $1,124 per square foot, in November 2016 and intends to expand.
A 40-unit residential building is currently proposed by Cabot, Cabot & Forbes at 135 Fulkerson Street, next to 303 Binney Street.