Tradeline, Inc. filters and categorizes new-construction and industry news from regional and professional journals across the country. Here you will find new projects, products, and regulatory updates.
Industry News
Raytheon Considers Headquarters Relocation
Defense contractor Raytheon is considering the sale of its Lexington, Mass. headquarters due to the 41-year-old facility's expensive operating costs. Raytheon plans to decide by year-end whether to seek another Boston area location or to upgrade its existing headquarters, which include the commercial electronics main office, a research lab, and two buildings housing corporate staff.
Alexandria Real Estate Develops Cambridge Lab Space
Pasadena, Calif.-based Alexandria Real Estate is developing 50,000 sf in Cambridge as speculative, generic lab space. Built out to between 80 percent and 100 percent completion, 790 Memorial Drive will facilitate quick move-in of early-stage life science companies. The project site is being developed for Alexandria by Spaulding & Sly of Boston and is located behind Polaroid Corp.'s headquarters.
Alameda Center for Environmental Technologies Plans Expansion
The Alameda Center for Environmental Technologies (ACET) is seeking U.S. Department of Commerce approval and funding for a $6-million expansion of its facilities at the former Alameda Naval Air Station. The independent incubator was founded in the early 1990's by CSU-Hayward and the U.S. Department of Commerce and currently provides below-market rents for 15,000 sf of chemistry labs and meeting facilities. ACET plans to expand its lab space from 8,800 sf to over 30,000 sf, quadrupling its lab facilities over the next two years.
Harvard Institute of Medicine Plans Biomedical Research Center
The Harvard Institutes of Medicine in collaboration with Lyme Properties LLC is proposing the construction of the Blackfan Research Center—a 400,000-sf biomedical research facility for academic research institutions in Boston’s Longwood Medical Area. The 18-story structure would accommodate 280,000 sf of lab space for research and 120,000 sf of office space, and provide below-ground parking for 300 vehicles. Pending permit approvals by the end of 2002, Lyme hopes to begin construction by mid-2003, with completion in 2005.
Food Safety Net Builds Lab in Grand Prairie
Food Safety Net Services Ltd. of San Antonio has purchased 10 acres in Grand Prairie, Texas, as the site of a food-testing lab to be relocated form Richardson, Texas. With construction to begin in 60 to 90 days, completion is slated for October, 2002. Fort Worth-based Dobbins & Crow Architects was selected to design the 12,000-sf lab, which is a significant expansion from Food Safety Net's 2,000 sf in Richardson.