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April 5, 2022

Soaring Demand, Soaring Costs, Soaring Competition: New Life Sciences Labs Reach For The Sky

Nordblom Co., HYM Investment Group And Bozzuto Construction Co. Talk Boston's Development Forecast April 7

When tenants begin working on the upper floors of 10 World Trade in Boston’s Seaport District — a forthcoming 17-story high-rise that just broke ground earlier this month — they’ll look out over the city through the tinted glass that reacts and dims based on the position of the sun and the time of day.

It’s not just a high-tech amenity. For many of the scientists and researchers who will be conducting tests in the upper reaches of the new tower, the sun shading is essential to protecting experiments from getting spoiled by excess sunlight. 

For architect Victor Vizgaitis of Sasaki Associates, the firm that designed the building for developer BGI, creating lab space more than 100 feet in the air carried a host of technical and regulatory challenges. But in a market where demand for space shows little sign of slowing, and most importantly, sought-after talent prefers urban locations, the push to go vertical is undeniable.

“Scientists and researchers and lab workers are also humans, and the ability to be in the middle of everything, and part of the action, is just as important to them as any office worker,” he said. 

Soaring Demand, Soaring Costs, Soaring Competition: New Life Sciences Labs Reach For The Sky

High-rise labs aren’t brand-new, especially in Boston. But in recent weeks, 10 World Trade, set to include 555K SF of lab space, has been joined by a number of announcements of new tower projects that include significant lab space, such as a £500M ($656M) lab-led tower block in…

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Cancer Therapy Manufacturer Moving HQ From Cambridge To Andover

Cancer Therapy Manufacturer Moving HQ From Cambridge To Andover

Oncorus Inc., a company developing viral immunotherapies for cancer patients, plans to shift its headquarters from the life sciences industry's East Cambridge epicenter to a suburb 25 miles north of Boston. The company plans to relocate all of its operations to a 105K SF facility in Andover by…

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Most Federal Workers Coming Back To Their Desks This Month, A Turning Point For RTO Movement

The long-awaited return of federal government employees to their offices is now underway, a rollout that is expected to have major implications for Washington, D.C.’s economy, boosting downtown businesses and potentially spurring more private sector office use along with it.

After President Joe Biden said during his March 1 State of the Union address that the “vast majority” of federal workers would be returning to offices “soon,” the government is now giving more clarity on just how soon that will occur. In fact, the vast majority of federal workers are expected to return to their offices at least part time by the end of this month, a spokesperson for the Office of Management and Budget told Bisnow.

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Biotech Firm Moving HQ To 81K SF At Boston Innovation And Design Building Biotech Firm Moving HQ To 81K SF At Boston Innovation And Design Building
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A Shot Across The Bow: Why Michael Gove Said Housebuilding Is A Cartel

 

Two weeks ago, the UK government turned up the heat on its long-simmering dispute with the property industry. 

Speaking at a private meeting of the Conservative Environment Network — a party caucus committed to retaining the government’s net-zero carbon ambitions — Housing and Levelling-Up Secretary Michael Gove launched a broadside.

This is just another example of how, at the moment, property and the government are at loggerheads. It is not a great position for the industry to find itself in.

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