0 MIT Plans to Further Transform Kendall Square, Main Street

Office building in Cambridge on 1 main st

! Main Street, Cambridge

Changes in real estate keep coming, now MIT is elaborating on its plans for 1 Main Street in Kendall.

According to the Boston Globe, “University officials this week presented additional details of their plan for a reimagined Main Street, with new towers, wider sidewalks, welcoming open spaces, and clear signals to visitors that they have landed at MIT and in Kendall Square. The presentation before the city’s Planning Board on Tuesday night provided an overview of the $1.2 billion redevelopment project, which calls for converting six parking lots into offices, research space, hundreds of units of housing, and more than 100,000 square feet of retail. The six new buildings near Main would rise up to 300 feet tall.” The Globe article further explains, “City planners were largely supportive of MIT’s plan, though in a memo they expressed concern about “the scale and bulk” of some of the proposed buildings, warning that they might overwhelm pedestrians. Several members of the Planning Board agreed that the buildings appeared too imposing; some also called for more middle-class housing. But the board did certify that the plan met zoning and design guidelines.”

You can read the full article on the Boston Globe.

Available Office Listings and Area Details
Kendall Square Office Space

0 Cambridge Lab Space Leads US

Kendall Square office space

Credit: BBJ

Great Boston leads the nation with the most expensive lab space.

According to the BBJ, quoting a Sciences Outlook report by brokerage JLL, “Boston and Cambridge are by far the most expensive life sciences markets to rent lab space in the United States…Greater Boston’s life sciences rental rates have climbed 7.4 percent this year to reach an average rate of $47.40 per square foot. In Cambridge specifically, the average lab rent is $51.60 per square foot, the report said. The report also said tenants are currently on the hunt for around 1.3 million square feet of space in the city.”

You can read the full article on the Boston Business Journal’s website.

0 Cambridge Office Space Still Leads the Nation

Lab and office space in Cambridge and Kendall Sq

Credit: Boston Business Journal

Great Boston leads the nation with the most expensive lab space.

From the BBJ:

Greater Boston’s life sciences rental rates have climbed 7.4 percent this year to reach an average rate of $47.40 per square foot, outstripping other top markets including Raleigh/Durham, North Carolina (up 12.4 percent year-over-year to $19 per square foot); San Francisco (16.9 percent, $37.30); San Diego (15.5 percent, $29.90); New York/New Jersey (8.3 percent, $24); and Los Angeles (4.9 percent, $30.70)…In Cambridge specifically, the average lab rent is $51.60 per square foot, the report said. The report also said tenants are currently on the hunt for around 1.3 million square feet of space in the city.

0 Kendall Square to Copley Move for Notable Cambridge Firms

4 Copley Place

Credit: Wayfair

The pilgrimage to Boston continues as Cambridge tightens; InsightSquared and Architectural Resources will soon call Back Bay home.

The BBJ notes, “Business analytics firm InsightSquared, which just last spring moved into expanded office spaces at 160 Second St., this September will move to a 45,000-square-foot office at 4 Copley Place. The office spans two floors and is almost triple the size of Insight Squared’s 16,000-square-foot Kendall Square location…The expansion is driven by InsightSquared’s growing customer count and revenue, a company representative said. The office will also accommodate the firm’s growing employee base, which has doubled to more than 150 in the past year.”

You can real the full Boston Business Journal report on its website, here.

Relevant Available Real Estate in Boston and Cambridge
Kendall Square Office Space
Back Bay office space for lease

0 Kendall Square Office Space gets Remade

200 Sidney st. cambridge ma

Credit: BBJ

Changes are on the move for East Cambridge. Vertex’s old HQ in Kendall Square is poised to be remade.

From the Boston Globe:

The deal will enable Biomed to begin renovating the buildings. They include two lab and office buildings at 200 Sidney St. and 40 Erie St., with a total of 239,000 square feet, that were leased to Vertex through this December, and another 21,000 square feet at 21 Erie St. that was leased to Vertex through May 2017.

Biomed said it will update the buildings’ entrances and lobbies, and add indoor and outdoor collaboration spaces and fitness centers. The work will begin immediately and the sites should be ready to be leased to new tenants starting in September, the developer said.

Related Listings
Kendall Square office space for lease

0 Biotech Real Estate Soaring in Kendall Square

The global hot spot for Bio Pharma space is Kendall Square in East Cambridge with 130 life sciences companies in 2.5 square miles.

Boston biotech real estate

Credit: CNBC

From CNBC:

“Of the top 20 pharmas I think probably somewhere between 50 and 75 percent have a presence in and around Cambridge,” said Joel Marcus, CEO of Alexandria Real Estate, the landlord with the biggest market share in the area.

“As tight as the lab market is in Kendall Square, the office market is even more tight, in part because Microsoft and Google are expanding their operations,” MassBio’s Abair said. At the same time though, he noted the proximity of tech and life sciences companies enable cross-industry collaboration.

Follow the link to view a related video on CNBC.

0 Multiple Projects from Boston Properties Progressing

Boston office development north station

Credit: Boston Herald

Boston Properties is bullish on Boston with projects underway or proposed from Back Bay, Financial District and North Station.

·         888 Boylston has seen the crane arrive and has announced is major tenant Natixis Global Asset Management
·         100 Federal Street is looking to add more retail on the Congress Street side of the project

From the Boston Herald:

“In 2015, we estimate we could move approximately $1 billion in pre-development projects into our active development pipeline,” CEO Owen Thomas said. “Before launching any of these projects, we need to complete the entitlement and planning process and, in most cases, some level of pre-leasing.”

0 On-demand Meeting Rooms in Boston

So, it is best described as office space between Starbucks and any number of the temporary groups that provide contractual services for office space.  Breather is space for only when you need it.  Imagine that you are interviewing a person that will be replacing a person on your team.  The last thing you would want to do is have that meeting internally, you could go to Starbucks, but you might get seen by a coworker.  Now come breather, have a meeting in a private space within close proximately to your office and schedule the space for 30 minutes.  Best of all, its done from your phone.  Boston Realty Advisors has been assisting Breather find new spots in the city.

Meeting rooms for rent in Boston

Credit: bizjournals.com

From the Boston Business Journal:

Bostonians will now have access to five private spaces in the Back Bay and Cambridge area with a tap of their phones, with [Breather] locations that include: 715 Boylston St., two spaces at 36 Gloucester Street, and two spaces at 1158 Mass. Ave. in Harvard Square.

0 April Fools: Corporate Edition

Boston mad men office design for april fools

Credit: The Boston Globe

April fools isn’t only for the water sprayer at the kitchen sink.  Some of the team at Endeavour Partners in Kendall Square were taken back when they arrived at their office on April 1st.

According to The Boston Globe, an elaborate April Fools’ Day prank was achieved by the office assistants and company chief executive Michael A.M. Davies; “more than a dozen computers and phones were replaced by typewriters, notepads, and rotary phones. Old records and copies of Life magazine were placed around the office, along with a bottle of whiskey for good measure…Neel Desai, an associate consultant, said the gag was indicative of the office culture at the company.”

You can read more about the ruse on The Boston Globe.

0 Amazon Hiring for Echo in Cambridge

Amazon Echo

Credit: Boston Business Journal

Job openings are abundant at Amazon’s Echo in Cambridge at 101 Main Street in the Kendall Square.  Echo is a wireless gadget that doubles as a speaker and voice prompted remote control.

According to a BBJ article, “Amazon has an entire floor in its Kendall Square office dedicated to teams working on the Echo. The company has leased six floors at its 101 Main St. office in Cambridge with enough room for up to 800 employees.”

101 Cambridge Street is a 341,830 square foot 18 story building owned by RREEF.  Some of the tenants according to CoStar include:

  • Amazon
  • Aegerion Pharmaceuticals, Inc.
  • CIC
  • CRICO Strategies
  • Endeca Technologies, Inc.
  • Computers/Data Processing
  • Amazon.com
  • Clarus Ventures
  • Matrix Partners
  • Lantos Technologies
  • Cambridge Consultants Inc.
  • Personal Services
  • Genentech
  • TiE Boston
  • Cafe on Main
  • Nextcode Health Usa, Inc
  • Park Square Execuitve Search, Llc
  • Capstone Financial Services
  • BP America Inc.
  • Quanticate Inc.
  • Gecko Health Innovations, Inc.
  • BioMed Realty Trust
  • Endeavour Partners Llc
  • Kinalco Inc.
  • Tatte Bakery & Cafe
  • Withings Inc.
  • Corporate Chefs
  • Cambridge Athletic Club Express
  • Matrix Capital Management Company Llc
  • Keryx Biopharmaceuticals
  • Cambridge Advisory To Family Enterprise
  • Lns Research