An Alewife lab and office moratorium is on hold, but councillor says company’s buying spree isn’t
A conversation about freezing the addition of offices or labs near Alewife was cut short Monday, but not before it was revealed that a company called Healthpeak planned to spend an additional $225 million in the area for a total $616 million since August and $949 million within around two years.
With nearly $400M spent on land since August, firm inspires call for lab moratorium at Alewife
Another acre was added Tuesday to the Alewife area holdings of a Denver company called Healthpeak – the 19th parcel the firm has picked up north of Fresh Pond since August for a total $391 million. Some city councillors want zoning in place before labs and offices are debated for the land.
Talk of raising ‘linkage’ fees suggests unanimity that big developers can pay more toward housing
Past debates over setting “linkage” fees for commercial development have divided the City Council into factions who want to push the limits and those who fear scaring off the builders who pay those fees. These was no hint of division as councillors talked about a 66 percent increase.
The call goes out soon for Foundry office tenants, but historic, unique spaces won’t be for everyone
Memorial Drive tower’s sale for $825M is giant, but the cost of an Inner Belt building leaped 184%
The sale of the 17-story office tower at 1 Memorial Drive, Kendall Square, is being called the biggest of its kind so far in 2021, but think of the three-story building going for $35.5 million. MIT has broken ground on a college of computing, too, and more apartments are going up near Union Square.