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Boston & New England  + Metro Boston  + Office  |  June 14, 2021
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By: David Cohen

Suffolk Downs Project in Revere Adds More Lab Space

HYM Investment Group, the developer behind the 161-acre Suffolk Downs mixed-use project in Revere is reportedly pivoting two blocks of the complex to life sciences instead of a planned residential building.

According to various media reports, the developer told the Revere City Council last week that it plans to build a five-story building with space for lab research and biomanufacturing in lieu of the planned residential buildings. The move is reportedly a bid to capture the hot market for spaces where pharmaceutical companies can design new drugs.

The scrapped residential buildings may be added back in later phases of the project, which will ultimately consist of 5 million square feet of office space as well as 10,000 residential units. The project is slated for completion sometime in 2023.

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About David Cohen

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.
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