BioMed Realty is constructing a 495,000-sf life sciences facility at Assembly Innovation Park in Somerville, Mass. Designed by Perkins&Will, the 12-story lab and office tower will provide leasable research environments for biomedical, pharmaceutical, and technology companies. With a floor-to-floor height of 15 feet, the building will offer floor plates of approximately 45,000 sf serviced by robust mechanical and electrical infrastructure. The amenity-rich project will feature numerous terraces, conference rooms, an indoor/outdoor food hall, and a parking garage. Targeting LEED Gold and WELL certifications, the sustainable facility will integrate a high-performance curtainwall, advanced building systems, and a rooftop photovoltaic array. Ground was broken in January of 2022 and occupancy is expected in the second quarter of 2024. Newmark arranged $514 million in construction financing for the tower, which represents the first phase of a 1.5 million-sf development that will ultimately comprise three lab and office buildings arranged around a vibrant urban park.