100 Forge

9 Story Building at Arsenal Yards Fully Leased, 5 Life Science Tenants Coming 100 Forge

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Boylston PropertiesA rendering of what the nine-story 100 Forge building at Arsenal Yards will look like. Developers are creating 165,000 sq. ft. of space for biotech companies. The following announcement was provided by Boylston Properties:

Boylston Properties, a Boston-based developer of mixed-use destinations, today announced that 100 Forge, its 165,595 s.f. life sciences building in the heart of Arsenal Yards in Watertown, is fully leased.

Business

New STEM Education Fund Will Provide Grants to Watertown Teachers, Funded by Local Companies, WCF & Life Science Cares

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The following announcement was provided by the Watertown Community Foundation and Life Science Cares Boston:

Life Science Cares Boston is collaborating with the Watertown Community Foundation and four Watertown-based life science companies to launch the Watertown STEM Education Fund, a special effort to fund science, technology, engineering & math programming in the Watertown Public Schools. Four corporate contributors — Arranta Bio, C4 Therapeutics, Forma Therapeutics & Landmark Bio — and Life Science Cares have committed a total of $15,000 in funding for teacher-driven requests for supplemental materials, books, equipment, special events and speakers, student programs and experimental school or district-wide initiatives. The fund builds on the Watertown Community Foundation’s annual school-based educational grants program and will increase total funding for the foundation’s grants this fall. “This exciting new partnership and funding commitment will expand our ability to support Watertown teachers through our annual education grant program. Each year we receive far more grant requests than we can fund, particularly in the area of science and technology. This STEM Fund will truly transform our grant giving capacity and provide teachers and our schools with more resources to support students in the classroom,” said Jan Singer, Watertown Community Foundation Executive Director.

23 Elm St.

Life Science Building in East Watertown Approved by Zoning Board

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Elm Street PartnersA rendering of the new life science lab building approved to be built at 23 Elm St. The building to the right is the Residence Inn by Marriott hotel. Months after it first appeared before the Zoning Board of Appeal, a three story life science lab building at 23 Elm Street got approval to be constructed on Wednesday night. The proposal first came before the ZBA in February, at a meeting where board members expressed their concerns about the amount of parking for the then 78,000 sq. ft.

Business

Zoning Board Approves Marijuana Dispensary’s New Home; Questions Parking at Proposed Biotech Building

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An illustration of the renovation of the former Monro Muffler at 390 Arsenal St. into the new home of Ethos Cannabis. The Zoning Board of Appeals approved the new location for Watertown’s first marijuana dispensary, and also that meeting a decision on a proposed project on Elm Street was not settled because of questions about whether it has enough parking for the biotech labs it would house. Natural Selections, which operates Ethos Cannabis, needs to find a new home because the current site — 23 Elm St. — has been sold and would be replaced by the biotech building that also came in front of the Zoning Board on March 26.

Alexandria Real Estate Equities

Rumors of Sale of Watertown Mall to Life Science Developer

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The Watertown Mall — home to Target, the RMV and Best Buy — could soon be sold to a developer looking to create life science lab space, according to a Boston Globe article. The potential deal involved a sale by owners Rosen Associates Management Corp. to Alexandria Real Estate Equities, which also owns the Arsenal on the Charles and the former Mount Auburn Club. The sales price of the 18-acre-site on Arsenal Street is reportedly $125 million, according to the Globe. The property lies in the Regional Mixed Use District (RMUD) zone in East Watertown, which allows for taller buildings (up to five stories) and more dense development (75 percent building coverage) than most areas of town.

Biotech

Former Watertown Flag Company Turned into Life Science Space

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A former flag factory in Watertown has been transformed into life science lab space. The former New England Flag and Banner building at 165 Dexter Ave. has been renovated and prepared for life science labs. The following information was provided by Ebbrell Architecture + Design:

Enticed by an open floor plan flooded with natural light, executives at startup Via Separations knew they found the perfect home in a former Watertown flag factory. Massachusetts-based Ebbrell Architecture + Design, a certified Woman-owned Business Enterprise, worked closely with Via Separations in rolling out a phased plan for the new headquarters, complete with a state-of-the-art wet lab that houses eight fume hoods — six benchtops and two walk-ins — as well as extensive prototyping space for the company’s revolutionary membrane filtration research.

Business

Galen Street Biotech Development Approved by ZBA

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A view of the life sciences building at 66 Galen St. approved by the Zoning Board of Appeals. This view is from Galen Street. The following piece was provided Boston Development Group:

Following months of planning discussions and community meetings, Boston Development Group (BDG) has received approval from the Watertown Zoning Board of Appeals (ZBA)  Thursday for a proposed life sciences development at 66 Galen Street in Watertown, Massachusetts. Boston Development Group (BDG), a multifaceted investment management and real estate development firm, plans to build a major life science campus comprised of two phases totaling nearly 450,000 SF of Class A Office/ R&D LAB.