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IMG_1196 by Bos Beeline, on FlickrThe deal, announced Monday, was first disclosed last summer, when BioMed sought approvals from Somerville to change plans for the site — then known as XMBLY — from a mixed-use project that included apartments into something suited for life science companies. It closed on the property just before Christmas and BioMed is now preparing a proposal for the first phase of the project. The company aims to start construction later this year.
“Our vision for the Assembly Square location is to create a premier innovation campus where science and technology intersects,” said BioMed vice president Sal Zinno. “It’s an ideal location and size for a large life science company to establish a prominent headquarters.”
BioMed Realty is officially publicly on board here.
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Life-sciences developer lands a big site near Assembly Row - The Boston Globe
BioMed, a veteran Kendall Square developer, is one of several life-sciences real estate heavyweights that lately have been on buying sprees in and around Boston.www.bostonglobe.com
Is this apartment complex now called ALTA REVOLUTION?