Berkeley Investments to Develop 548K-SF Lab Project in Allston
Developer Berkeley Investments has announced plans to transform a vacant warehouse at 176 Lincoln St. in Boston’s Allston neighborhood into a large-scale mixed-use lab development.
Berkeley filed a project notification form with the Boston Planning and Development Agency last week seeking approval to build a three-building development which will include 548,000 square feet of lab-ready office space, 20,000 square feet of retail space, 314 residential units and two acres of open space. The existing property on the site was built during the late 1990s for a telecom company.
“Innovation requires inspiration, which in a city comes from bringing together people with different skills, backgrounds and interests,” said Young Park, president at Berkeley. “At a moment when life sciences are more important than ever, we hope to foster an environment that spurs new ways of thinking, building on the unique attributes of Allston to create a welcoming community for all.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.