BioMed Realty has acquired 330 3rd Street, the existing Gas Transfer Station (GTS) site in Cambridge, from Eversource. This acquisition will enable BioMed Realty to develop its 585 Kendall project on the entire city block. The 16-story lab/office building with an arts and culture component will feature seasonal, family-friendly lifestyle activities such as dining options, outdoor concerts, a canoe and kayak launch area for public use along with public art installations and a farmer’s market. Additionally there are plans for a winter market as well as a community ice skating rink at this location.
Iram Farooq , assistant city manager of the City of Cambridge expressed his enthusiasm about this development stating “This makes possible an exciting future in our new 585 3rd Street building which advances our STEAM goals while also promoting public equity by bringing together both science and art while inviting members of the local community to participate.”
The post BioMed Realty Acquires Mixed-Use Building in Cambridge appeared first on Connect CRE .
