A San Francisco-area real estate firm is buying a 42-acre site in Cambridge's NorthPoint. Recall that the expanse, the largest buildable parcel in Cambridge and right near downtown Boston, is already approved for an astounding 4.5 million square feet of development. That's more than two and a half John Hancock Towers, people (or whatever it's called now). What, exactly, might the parcel's new owner plug in?
DivcoWest "specializes in tech-oriented neighborhoods and sees the chance to build one from the ground up in red-hot East Cambridge," according to the Globe's Tim Logan. What does that mean in practice? Around 2,800 apartments as well as 2.1 million square feet of office, research and retail space. Plus! Eleven acres of new parks and, of course, a Lechmere stop on the all-changing Green Line. All will likely be geared toward tech and biotech pros either working in this new neighborhood or in nearby hubs such as Kendall Square and Boston's Innovation District.
DivcoWest is mum on its timetable, but it reportedly wants to get moving on a project already a long time in coming.
· Huge NorthPoint Project Advances with $300M Deal [Globe]
· Erasing Hancock: New England's Tallest Tower Renamed [Curbed Boston]
· Our complete Green Line extension coverage [Curbed Boston]
· Our complete NorthPoint coverage [Curbed Boston]