About 585 Third Street
Kendall Square, Cambridge, MA
The property features a .82-acre lot, formerly known as Constellation Center, located at 585 Third Street in Cambridge. BioMed Realty purchased the site in August 2018 for $50.5M.
Plans for the proposed project call for a 16-story lab/office building with retail, open space, community areas and a 30,000 square-foot arts venue. The arts and culture center would be suspended above the main lobby, taking up the second and third floors of the building As part of the plan BioMed would also relocate the gas transfer station that currently sits on the site, at a cost of $20-$25 million.