New, Class-A, 223,000-square-foot lab building will provide much-needed space to Cambridge’s life science market by summer 2018
CAMBRIDGE, MA – February 8, 2017 – The Davis Companies (TDC) today commenced construction of The Alewife Research Center (The ARC), a Class-A, transit-oriented, 223,000-square-foot lab building with ground-floor retail, located at 35 Cambridgepark Drive. Scheduled for completion in summer 2018, the property is perfect for growing companies seeking modern, new construction with an onsite parking garage, amenities, and access to Greater Boston’s growing talent pool. The ARC is adjacent to the Alewife Subway Station, minutes from both Kendall Square and Harvard Square via the MBTA Red Line subway, and readily accessible from the Metro West suburbs via Route 2. This premier location provides great value for life science and pharmaceutical companies requiring flexible, Class-A lab space in a sustainable environment.
“The Cambridge market is one of the healthiest and tightest R&D / lab submarkets in the world with nearly no current or near-term supply to meet the growing demand,” said Brian Fallon, President of TDC Development Group. “We are operating on an aggressive construction schedule to deliver The ARC by summer 2018, enabling more companies to move to this area and contribute to Cambridge’s impressive reputation as a prime center for research and discovery.”
The Davis Companies has assembled a highly experienced, best-in-class team, including renowned architecture firm Spagnolo Gisness & Associates (SGA), AHA Consulting Engineers, and John Moriarty & Associates to complete the development, targeting LEED Gold certification.
“The ARC is architecturally significant as it will be one of the first buildings visible when entering West Cambridge, and is located on one of the last parcels of underdeveloped land available in Cambridge. Consistent with the Alewife Master Plan, we’ve created an attractive urban façade with surrounding green space that will improve the public realm and the pedestrian experience in West Cambridge,” said SGA Founding Partner Jeff Tompkins, IIDA, LEED AP. “We’ve designed various life science buildings in Kendall Square and are thrilled to apply our expertise to The ARC to bring a best-in-class, sustainable lab building with flexible spaces that tenants can customize to meet their specific MEP requirements.”
The ARC will feature a grand lobby with a two-story atrium and gathering spaces, offering a variety of seating areas; highly flexible lab and R&D space; an employee lounge; conference meeting area; a fitness workout area with showers and lockers; and a bike room with secure storage. Unique for West Cambridge, The ARC will offer an abundance of green space with outdoor seating, creating a perfect setting for lunch in the warmer months.
“Life science space remains scarce throughout Cambridge, yet at this time we are tracking 55 active tenant laboratory requirements totaling 2.1 million square feet in a 10 million square-foot laboratory market with only 500,000 square feet of current availability and zero vacancy in the 600,000-square-foot Alewife cluster,” said Newmark Grubb Knight Frank Executive Managing Director Mark Winters who is representing The Davis Companies in leasing the building. “The Davis Companies’ vision for The ARC brings high-quality new construction to this outstanding location on an impressive timeline. The firm’s proven history of providing tenants with prime business settings with amenities and outstanding property management that continuously exceeds tenants’ expectations will of course be reflected at the property.”
TDC is developing a variety of other projects throughout the Greater Boston area including: 75 Moulton Street, a 37,500-square-foot lab and R&D building in Cambridge’s Fresh Pond Technology Park that will be completed by spring 2017; a 270-unit, multi-family rental community at the Center at Corporate Drive in Burlington, MA and Telford 180, an 85 unit condominium building in Allston, MA.
About The Davis Companies
Committed to excellence in both investment performance and operations, The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested more than $4 billion in gross asset value through real estate equity, debt, and fixed-income securities. A unique combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex and contrarian opportunities. Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 12 million square feet across the Eastern United States.