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Developer proposes 46-acre project in Cambridge that would include 2,076 apartments and millions of square feet of new lab and office space
“Healthpeak, a Denver company that normally focuses on healthcare development(link is external), has filed plans with the state for a $4.5-billion project north of Fresh Pond in Cambridge that would create a new apartment neighborhood, plenty of labs and offices for its residents to work in and a pedestrian/bicycle bridge over the MBTA commuter-rail tracks to Alewife station.
As first reported by Banker & Tradesman(link is external), the proposed 46-acre development, with 4.6 million total square feet of residential and lab/office/retail space, would include roughly 14 acres of "publicly accessible plazas, open spaces, and pocket parks," with another 1.24 acres given to Cambridge for construction of a new public-works garage, according to its filings with the state Environmental Policy Act office(link is external).
The plans also include parking spaces for 4,773 cars - up from the 1,481 spaces that now serve the area's smaller office and industrial buildings. The various buildings would have space to store 2,845 bicycles, with outdoor racks for another 417 bikes.
The filings do not specify the number of floors in proposed buildings - but says the tallest would be 160 feet - or how many of the apartments would be income restricted…..”
Cambridge Development Could Include Nearly 2.1K Homes
Healthpeak's 4.6 million square-foot proposal would also have a long-sought-after pedestrian and bike connection to the MBTA’s Alewife station.
Healthpeak and Hines Announce a Strategic Partnership on the Cambridge Point Mixed-Use Development in Cambridge, Massachusetts
“Healthpeak Properties, Inc. (NYSE: DOC), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, and Hines, a global real estate investment manager, announced today a long-term partnership to develop the residential components of Healthpeak’s Cambridge Point master-planned district in the Alewife neighborhood of Cambridge, Massachusetts.Hines will lead the residential development in coordination with Healthpeak as master developer. Hines, with its partners, will capitalize the residential developments and intends to commence construction on the first residential building within the first 12 months following receipt of entitlements, which is anticipated in the second half of 2026
Situated adjacent to the MBTA Rapid Transit Rail Station in the Alewife neighborhood, Cambridge Point is a 40-acre master plan that has total development potential of up to five million square feet. The project is anticipated to include multifamily residential units, research and lab space, and community-oriented ground-floor neighborhood retail uses. The pedestrian-oriented district will be defined by a highly walkable retail corridor, an extensive green open space network connecting Fresh Pond and Alewife Brook Reservation, and publicly beneficial infrastructure, including a pedestrian bridge to connect the community directly to the MBTA red line with a short ride to Kendall Square and South Station.……”
Healthpeak and Hines Announce a Strategic Partnership on the Cambridge Point Mixed-Use Development in Cambridge, Massachusetts
Healthpeak and Hines Announce a Strategic Partnership on the Cambridge Point Mixed-Use Development in Cambridge, Massachusetts





