Parcel X | 310 Northern Ave | Raymond L Flynn Marine Park

Looks like it's replacing a fairly large facility holding 4-5 seafood processing and distribution companies?

Seafood processing and distribution businesses feel like things that belong on the waterfront. And not immediately clear where they might move to, with every parking lot owner and his mother-in-law building lab space.

There's a lot of fantastic work going on in the life sciences that will improve/extend many of our lives .... but I can't help but wonder if pharma lab space in Boston is becoming a massive bubble (to the detriment of a healthy, diversified economy).
 
Even if pharma lab space is a bubble and that bubble bursts, lab space can also be used as office space, which there's a shortage of in Boston regardless of industry.

I'm not really sure why a seafood processing or distribution business needs to be on the waterfront.
 
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Parcel X Construction Projects - Boston, MA

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"An LOI has been filed for a redevelopment of a 108,900 SF lot in the Raymond L Flynn Marine Park in Boston's Seaport neighborhood. Submitted by a Downtown Boston-based developer, plans call for two life science buildings featuring 742,000 SF of lab and research space at parcel X."

Another lab building(s) proposal in Seaport.
 
Quite a few proposals over here lately, its going to change a lot in the next few years. Id like to see a masterplan for the area like seaport sq or fort point to get a better idea of what the plan is as far as height/density or if the grid will be expanded.

It definitely makes sense for developers looking to maximize return to push further down the waterfront as far as they can before moving inland, although the farther they go the farther they are from south station. The fort point proposal is also following the waterfront, just in the other direction, but they will have muuch better transit access at south station. Still a nearby silver line stop and harbor views will sell here.
 
itchy said:
Looks like it's replacing a fairly large facility holding 4-5 seafood processing and distribution companies?

Seafood processing and distribution businesses feel like things that belong on the waterfront. And not immediately clear where they might move to, with every parking lot owner and his mother-in-law building lab space.

There's a lot of fantastic work going on in the life sciences that will improve/extend many of our lives .... but I can't help but wonder if pharma lab space in Boston is becoming a massive bubble (to the detriment of a healthy, diversified economy).
Click to expand...


I really don't think most people fully understand the "turning point" era in human history we are currently experiencing. People are living longer lives. The demographic for folks age 65+ is compounding. Not only in the US, but in the developing world.

Pharma, health care and equipment for health care/senior lifestyles (not to mention Nursing Homes, Assisted Living facilities, Independent Senior Housing, homecare agencies, etc.) - - - bet on it. ;)
 
shmessy said:
Pharma, health care and equipment for health care/senior lifestyles (not to mention Nursing Homes, Assisted Living facilities, Independent Senior Housing, homecare agencies, etc.) - - - bet on it. ;)
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I bet on exactly what you just said a few years back with a few mutual funds that concentrate on medical equipment, etc. and it's paid off in spades.
 
atlantaden said:
I bet on exactly what you just said a few years back with a few mutual funds that concentrate on medical equipment, etc. and it's paid off in spades.
Click to expand...

It will continue for decades and decades.

Move the seafood processing to New Bedford or Lynn.

BostonCambridgeSomerville should allow the tidal wave of lab building to continue. Compared to almost every other city on this planet, Boston’s biotech bet is the greatest economic competitive positioning in existence. Let’s face it, our city hit the jackpot and it’s only the first inning.
 
The developers of 310 Northern Ave. will help pay to move the seafood related businesses at 310 Northern Ave. diagonally across the street to Parcel 6, which is Massport owned. Parcel 6 is on Fin Kennedy Ave, west of the North Jetty, between Codfish Way and Swordfish Way. Parcel 6 is Board approved and is "for the construction of approximately 220,000 gross square feet of seafood processing facilities and accessory parking in two or three buildings on Parcel 6 of the Massport Marine Terminal. The proposed project combines upwards of approximately 115,000 square feet of gross floor area of seafood processing facilities on Sub-Parcels 6A and 6B, and approximately 101,300 square feet of parking in a mixed-use space on Sub-Parcel 6C."

Last year, Boston Sword & Tuna opened their new plant on Parcel 6A. The new plant is 50,000 sq ft, compared to the 33,000 sq ft of the old plant. The seafood businesses on 310 Northern Ave. are slated for Parcel 6B.

PNF for Parcel 6 here.
https://bpda.app.box.com/s/z28p2sz8ihx3rgcd9b81b1l9b3d48g2s
 
shmessy said:
It will continue for decades and decades.

Move the seafood processing to New Bedford or Lynn.

BostonCambridgeSomerville should allow the tidal wave of lab building to continue. Compared to almost every other city on this planet, Boston’s biotech bet is the greatest economic competitive positioning in existence. Let’s face it, our city hit the jackpot and it’s only the first inning.
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New Bedford is already the 2nd largest seafood port in the US by value. Good place to encourage growth of that industry.
 
PNF: https://bpda.app.box.com/s/facqri2ula6baeedsvq7akt3v6p5omyp

Apparently, this project's name is actually "Parcel X". I can see why that's appealing.

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shmessy said:
BostonCambridgeSomerville should allow the tidal wave of lab building to continue. Compared to almost every other city on this planet, Boston’s biotech bet is the greatest economic competitive positioning in existence. Let’s face it, our city hit the jackpot and it’s only the first inning.
Click to expand...
Agreed. The massive investment in biotech labs is placing Boston on the precipice of becoming one of the most important cities in the world. We are in for some very interesting times.
 
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