
Proposed Boston Biotech Development Hits Market
Gibson Sotheby’s International Realty is presenting a 1.3-acre transit-oriented parcel on Boston Avenue in Medford as an opportunity for R&D, life science, and biotech developers.
Situated half a mile from Tufts University campus, the Tufts Corner project offers 250,000 square feet of Class A space with by-right entitlements. It boasts access to I-95 and I-93 highways, as well as proximity to various restaurants and retail services in Boston, Cambridge, Medford, and Somerville.
“The City of Medford is very much committed to seeing a commercial development on the Boston Avenue site, specifically for life science and biotech,” added Alicia Hunt, director of Planning, Development & Sustainability for the City of Medford. “The City Staff and City Council worked collaboratively to rezone the district to allow for density required by modern lab development. We are excited to welcome new investment to Medford.”
- ◦Development