Exterior Work Nearly Complete for 250 North St. in Cambridge Crossing
Exterior work is nearly complete for 250 North Street, future home of Philips North America in Cambridge Crossing. The 430,000 square foot lab and office building will also include 17,000 square feet of ground-floor retail, 3 levels of underground parking and a bike room with lockers and shower facilities. Construction is expected to wrap up in the first quarter of 2020.
Construction Continues on 250 North in Cambridge Crossing
Construction continues on 250 North Street in Cambridge Crossing the future home of Phillips Headquarters. Phillips has leased 243,000 square feet of the 430,000 complex. The state of the art facility has already received a Platinum level Wired Certification. The entire Cambridge Crossing development will, in fact, be designed for a full neighboorhood Wired Certification. This certification denotes the highest level of connectivity and when complete will only be the second neighborhood in the U.S. to receive this designation.
Construction on 250 North is scheduled to be complete in the first quarter of 2020.
Exterior Work Ongoing at 250 North Street in Cambridge Crossing
Exterior work is ongoing at 250 North Street in Cambridge Crossing. The upcoming 430,000 sf office and lab space will be home to Philips North American Headquarters. Tina Snyder, Director of Marketing at DivcoWest, told BLDUP the construction team expects the building to be complete in the fourth quarter of 2019. While construction is ongoing the development team is working to integrate Cambridge Crossing into the surrounding community through events at the site, including the CX Summer Nights series that wraps up this week.
Philips to move North American headquarters to Cambridge Crossing
Global healthcare technology leader Philips will move its’ North American headquarters to 243,000 square feet at 250 North Street, the first science and technology building at the 45-acre, 4.5-million-square-foot Cambridge Crossing development in East Cambridge. A total of 2,000 employees will work out of Philips’ new office, which will open in 2020. Philips' North American headquarters are currently located just north of Boston in Andover, MA.
Philips is the first commercial tenant at Cambridge Crossing, which upon completion will feature 2.1 million square feet of state-of-the-art science and technology-geared office space, 2.4 million square feet of residential space with 2,400 residential units and 100,000 square feet of retail located minutes from Kendall Square. Just 170,000 square feet of science and technology space and 17,000 square feet of retail now remain for lease at 250 North Street, which is 57%-leased.
250 North Street began construction in 2017 on a speculative basis and is located steps from the soon-to-open relocated Lechmere MBTA Green Line station, and minutes from Kendall Square and Downtown Boston. “As a leader in health technology, our move to the Cambridge-Somerville area further positions Philips as a key player in this vibrant, growing healthcare technology ecosystem,” said Dr. Joe Frassica, Chief Medical Officer and Head of Research for Philips North America, in a prepared statement. “This move will enhance our ability to collaborate with existing academic partners and customers. In addition, we will be better able to expand our work with the amazing Cambridge and Boston Healthcare innovation and start-up community that will help us to co-create the solutions needed to drive real change in the healthcare industry.”
Foundation of Cambridge Crossing’s first science and technology building nearing completion
The foundation of 250 North Street, the first science and technology building to unveil at the 45-acre, 4.5-million-square-foot Cambridge Crossing development in East Cambridge, is nearing completion. A 3,500-yard mat slab concrete pour took place at the bottom of the foundation yesterday (Saturday, November 4th), marking the completion of foundation excavation and the beginning of vertical construction. Following completion of the building’s three-level underground parking structure, which will contain 348 vehicle parking spaces, construction of 250 North Street’s 11-story superstructure will begin. Completion of 250 North Street is expected in the second quarter of 2019, as well as additional retail structures totaling 15,000 square feet. The new buildings, which will front NorthPoint Common, will be the first phase of Cambridge Crossing. The following is a photograph of the foundation of 250 North Street:
370,000 square foot NorthPoint commercial building renderings revealed
DivcoWest has revealed renderings of a 370,000 square foot commercial building proposed for construction in Cambridge’s NorthPoint neighborhood. The proposed building, intended for lab and office uses, would overlook NorthPoint Common and would be the first NorthPoint commercial building. Completion of the proposed building, which is targeting LEED Gold efficiency certification, is expected in late 2019. DivcoWest filed a Design Review Application with the Cambridge Planning Board for the proposed building earlier this month. DivcoWest acquired NorthPoint, a 42-acre master-planned site, for $291 million in August 2015.
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