Page 59 - March 2023 #179
P. 59

Boston’s Allston Neighbourhood, Boston, Massachusetts, US
              Developer: Allston LabWorks
              the expansion in the next six months and it will be turned over to the   35 multi-housing units, 26 per cent of which will be affordable. It will
              tenants in mid-2024.                                  also include a 12,000sq ft public plaza with an additional 5,000sq ft
                Allston Labworks is a new life science campus along Lower Allston’s   landscaped open space and 668 garage parking spaces. Delivery on the
              Western Avenue innovation corridor. Surrounded by Allston’s eclectic   project is expected across 2024 and 2025.
              culture and thriving art scene, Allston Labworks will provide life science   Unibail-Rodamco-Westfield (URW) has announced Mill Creek
              companies and the greater Allston community with new creative   Residential (MCR) as co-developer for the first phase of the landmark
              outlets for exploration and self-expression. The new mixed-use life   transformation of Westfield Garden State Plaza in Bergen County,
              science campus that includes housing and retail will be a welcome   New Jersey. Anticipated to break ground in 2024 and slated to open
              addition to Boston’s expanding lab market. JLL has secured $585M   to residents in 2026, the first phase will include the construction of
              in financing for the construction of a 580,905sq ft development in   550 luxury apartment homes that will be integrated with the shopping
              Boston’s Allston neighbourhood. Allston LabWorks, located on 4.27   centre via a one-acre ‘green town’ for residents, visitors and shoppers
              acres at 250, 280 and 305 Western Avenue, will be comprised of a life   to enjoy, as well as introduce a ‘main street’ outdoor district featuring
              sciences, retail and multi-housing space. Once the project is complete,   restaurants and everyday conveniences and services. The development
              it will feature 534,000sq ft of lab space; 20,000sq ft of retail space;   will also include significant community and sustainability features such
                                                                    as new parks and greenspaces, green building construction, upgraded
                                                                    connectivity to public transportation networks, electric vehicle charging
                                                                    stations and the restoration of a section of the beloved local Sprout
                                                                    Brook. Aligned with this vision, Garden State Plaza will be completely
                                                                    reimagined, with surface parking areas to the west of the shopping
                                                                    centre converted into modern luxury apartment homes, plazas, parks,
                                                                    gardens,  health  and  wellness  amenities,  commercial  office  space,  as
                                                                    well as a transit centre – alongside new outdoor shops, restaurants
                                                                    and community event spaces. The centre will appeal to shoppers
                                                                    and residents alike: the perfect place to find the latest fashions, enjoy
                                                                    premier dining, socialise, take a walk or ride a bike, enjoy concerts and
                                                                    cultural festivals and so much more.




















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