74M (EDGE Assembly Sq.) | 74 Middlesex Ave | Somerville

[Aprehensive_Words]

View attachment 45647

It's renders like this that make you wonder when DCAMM is going to look at that courthouse complex and see a chance to get a new combined Somerville-Cambridge courthouse tower on the parking lot and sell/lease the current courthouse lot for something else, like affordable housing or more labs.

 

[kdmc]

Not that anyone at Greystar or Somerville City Hall is asking my opinion.

Well, they were: https://voice.somervillema.gov/assemblynp/

 

[Subdivisions]

 

[stick n move]

Its nice to see that even though they still used colossal order grouping here of 2 floors at a time they made the horizontal lines very thin so the vertical lines dominate the building much more and it has much better verticality.

 

[Javier]

 

[dhawkins]

Getting started on the penthouse finish panels.

 

[DZH22]

3/30 From Somerville HS.

IMG_0882 by David Z, on Flickr

IMG_0889 by David Z, on Flickr

IMG_0892 by David Z, on Flickr

 

[DZH22]

IMG_0436 by David Z, on Flickr

 

[BeeLine]

As of Sunday 6/16.

 

[DZH22]

7/27 From Waitt's Mount.

IMG_0154 by David Z, on Flickr

 

[BeeLine]

From 8/25.

 

[DZH22]

9/12 From Prospect Hill, Somerville

IMG_0203 by David Z, on Flickr

IMG_0357 by David Z, on Flickr

 

[NorthshoreCity]

Monday 3/10. Looks like it'll be opening soon. The park/landscaping is still underway. According to loopnet this building is nearly 100% vacant and available for leasing - yikes.

https://www.loopnet.com/Listing/74-Middlesex-Ave-Somerville-MA/25294476/

View attachment IMG_3595.jpg

 

[thatMFguy]

It's gonna be a while before that get's leased up haha, new life science is dead.

 

[Czervik.Construction]

It's gonna be a while before that get's leased up haha, new life science is dead.

This is a big building and in Somerville, so yes it will take a while. However, "new life science" is not dead. Boston continues to outperform every other market. VC funding returned last year, as did new clinical trial starts, and M&A is picking up - 2023 was a bad year and 2024 was flat, 2025 is picking back up, and we are tracking towards steady pre-pandemic growth rates.

 

[thatMFguy]

This is a big building and in Somerville, so yes it will take a while. However, "new life science" is not dead. Boston continues to outperform every other market. VC funding returned last year, as did new clinical trial starts, and M&A is picking up - 2023 was a bad year and 2024 was flat, 2025 is picking back up, and we are tracking towards steady pre-pandemic growth rates.

Maybe the industry is doing fine, but life science real estate is not. Availabilities are up to almost 27% with more than 15 million SF available. It's going to take a looong time to absorb all of that.

https://www.colliers.com/en/research/boston/2024-q4-greater-boston-life-sciences-report

 

[sean99090900]

With all these new and empty lab buildings, my personal hope is that we can attract more and weirder startups with cheaper real estate.

 

[Badusername]

Relevant article in the Globe today

‘The hangover can last longer than the party’: Biotech is in a major slump, with no end in sight - The Boston Globe

There are few signs the industry responsible for more than 115,000 Massachusetts jobs is pulling out of its four-year downswing.

www.bostonglobe.com