{"id":1004489392,"date":"2020-11-03T08:04:57","date_gmt":"2020-11-03T16:04:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004489392"},"modified":"2022-03-03T13:11:20","modified_gmt":"2022-03-03T21:11:20","slug":"jv-begins-construction-on-170m-life-science-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-begins-construction-on-170m-life-science-project\/","title":{"rendered":"JV Begins Construction on $170M Life Science Project"},"content":{"rendered":"<div id=\"attachment_1004489395\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/101-Cambridgepark.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004489395\" data-attachment-id=\"1004489395\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-begins-construction-on-170m-life-science-project\/101-cambridgepark\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/101-Cambridgepark.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"101 Cambridgepark\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/101-Cambridgepark.png?w=800\" loading=\"lazy\" class=\"wp-image-1004489395 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/101-Cambridgepark.png\" alt=\"Rendering of 101 Cambridgepark. Image courtesy of King Street Properties\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/101-Cambridgepark.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/101-Cambridgepark.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/101-Cambridgepark.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004489395\" class=\"wp-caption-text\">Rendering of 101 Cambridgepark.<em> Image courtesy of King Street Properties<\/em><\/p><\/div>\n<p>King Street Properties has started construction on 101 Cambridgepark, a Class A laboratory property in Cambridge, Mass. The company has partnered with Healthpeak Properties to deliver the $170 million project, which is scheduled for completion in the third quarter of 2022.<\/p>\n<p>Newmark&#8217;s Vice Chairman Mark Winters, Executive Managing Directors David Townsend and Juliette Reiter, and Director Catie Tilton are representing King Street in the leasing process. DiMella Shaffer and Consigli Construction Co. are handling the design and construction of the property. This project marks King Street\u2019s third major <a href=\"https:\/\/www.commercialsearch.com\/news\/repositioning-commercial-buildings-into-life-science-facilities-qa\/\">life science development<\/a> property on Cambridge Park Drive, according to the company\u2019s senior director.<\/p>\n<p>Located at 101 Cambridge Park Drive, the new 160,000-square-foot building will replace a 111-space parking lot adjacent to 87 Cambridge Park Drive. A courtyard space will be connecting the two projects through a more than 9,000-square-foot boardwalk. The five-story property will consist of roughly 3,000 square feet of ground-floor retail space with outdoor seating, office and laboratory space above, as well as a 247-spot underground parking garage. Common-area amenities will include shower and changing rooms, on-site blue bike station, indoor bike storage and repair room, as well as a terraced outdoor courtyard.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>101 Cambridgepark is King Street Properties\u2019 third major life science development on Cambridge Park Drive.<\/p>\n","protected":false},"author":2518,"featured_media":1004489395,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21782,21754,21742,10],"tags":[35454,50575,48302,35805,36007],"class_list":["post-1004489392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-development","category-medical-office","category-latest","category-northeast","tag-consigli-construction","tag-dimella-shaffer","tag-healthpeak-properties","tag-king-street-properties","tag-newmark-knight-frank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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