Harvard Enterprise Research Campus | 100 Western Avenue | Allston

Harvard isn’t on the hook financially for the underleased lab building, which was developed by real estate company Tishman Speyer and its Breakthrough Properties joint venture. And the oldest and richest US university is accustomed to investing in timelines measured in decades. Still, the Allston project marks a very public wager that has fallen short of the real estate successes that have enriched other elite schools.

Notably, Harvard’s efforts stand in stark contrast to those of MIT and its role developing Cambridge’s Kendall Square, known as the most innovative square mile on the planet. MIT began commercially developing derelict land next to its campus in the 1960s, and it was well-positioned to accommodate demand for lab space decades later when money poured into biotech from the federal government and investors.
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Today, about 70% of the completed laboratory space in Allston and neighboring Brighton is available for rent, according to real estate brokerage Colliers. Swiss drugmaker Roche Holding AG will be the first tenant at the Enterprise Research Campus, taking up about 20% of the lab space.

Roche is now in talks with the school about constructing a large lab building of its own on Harvard’s Allston land, according to Chakravarthy and others involved in the discussions. While that would serve as a boon to the university’s biotech ambitions, it’s unclear what that would mean for Roche's space in the existing lab building.
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No idea why they'd want to build another lab, but why not I guess
 
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