Building on promises to diversify its development team, a Seaport life sciences project led by Related Beal is turning to crowdfunding. The Boston Real Estate Inclusionary Fund, which is run by prominent Black developers Richard Taylor, Darryl Settles and Kirk Sykes and is partnering on the 22 Drydock Ave. project, placed an offering on the crowdfunding site Small Change for a portion of its equity stake with a $3.75M goal.
The 344K SF project landed a full-building pre-lease with Vertex Pharmaceuticals in May 2022. The building is the third phase at Related Beal's Innovation Square campus. BIG Equity Investors LLC co-founder Dale Burnett, whose firm is a partner in BREIF and made its own investment in the 22 Drydock project, said the… Read the full story here. |