Tishman Speyer and Harvard University have joined forces to celebrate the groundbreaking of the Enterprise Research Campus — a nine-acre, mixed-use life sciences project in Boston. This collaboration with The Harvard Allston Land Co. marks the beginning of the construction of the first phase of the Enterprise Research Campus, which is set to be completed in 2026. The ceremony took place on November 1 and involved Harvard University President, Claudine Gay; Tishman Speyer CEO, Rob Speyer; Boston Mayor, Michelle Wu; and community leaders.
Located off Western Avenue in Allston and within close proximity of Harvard’s Innovation Labs; Science and Engineering Complex; and Harvard Business School, this development project consists of two laboratory buildings designed for scientific research and development with a focus on biotech and pharmaceutical companies. The first phase also includes 343 rental apartments, 25% of which will be affordable; a 246-room hotel; street-level shops and restaurants; and more than two acres of public outdoor spaces.
To oversee the development, leasing and operation of the laboratory facilities, Tishman Speyer has enlisted its biotech development arm, Breakthrough Properties. Accordingly, a team of renowned architectural and planning firms — including Studio Gang, Henning Larsen, Utile and Marlon Blackwell Architects — has been assembled to ensure exceptional design.
In addition to managing the construction of the laboratory buildings, Tishman Speyer will also oversee the construction of the timber-framed David Rubenstein Treehouse. This unique structure will serve as a conference facility for Harvard University to promote collaboration by providing a shared space for industry partners, visiting scholars, and guests from around the world to work alongside faculty and students.
Looking ahead, Tishman Speyer has plans for a second phase of development to complete the nine-acre Enterprise Research Campus. Although specific details of this phase have not been announced, it’s expected to include space for local retail and restaurants. Additionally, there will be open areas for public events, such as farmers’ markets, concerts and outdoor fitness classes.
The project received approval from the Boston Planning and Development Agency in 2022 after undergoing an extensive process that included soliciting community input and shaping its development. Furthermore, the project successfully obtained a substantial $750 million construction loan from Otera Capital.
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