BioMed Realty Acquires Mixed-Use Building in Cambridge
BioMed Realty has acquired 330 3rd Street, the existing Gas Transfer Station (GTS) site in Cambridge, from Eversource.
This will allow BioMed Realty to develop its 585 Kendall project on the entire city block. The 16-story lab/office building with an arts and culture component will include creating the performing arts center, 585 Arts, and will feature seasonal, family-friendly lifestyle activities. Including dining, outdoor concerts, a canoe and kayak launch, public art, a farmer’s market, a winter market, and a community ice skating rink.
“I am excited for the future this makes possible in the new 585 3rd Street building, which will advance our STEAM and public equity goals by bringing together the arts and science and inviting the Cambridge community to participate,” said Iram Farooq, assistant city manager of the City of Cambridge.