DivcoWest Officially Breaks Ground at Former Northpoint Project; Repositions as Cambridge CrossingOctober 20, 2017 - By The Real Reporter
Cambridge–DivcoWest joined Cambridge Mayor E. Denise Simmons, City Manager Lou DePasquale and elected officials to celebrate the long-awaited re-launch of the 45-acre development site now known as Cambridge Crossing (“CX”). The group gathered to mark the start of construction of 250 North Street, the first commercial office building to be built at Cambridge Crossing. 250 North Street will be a 430,000 square-foot science and technology building, and the first phase of a new neighborhood retail district to be built at the heart of CX.
Cambridge Crossing is adjacent to Kendall Square and centered within one of the highest concentrations of talent and intellectual capital in the world, according to the release by DivcoWest. Formerly a rail yard, CX will be a new mixed-use neighborhood with research facilities, residential units, and retail amenities in a compact, walkable, and transit- and bicycle-friendly plan that will become an integral part of the existing East Cambridge neighborhood. The site will be directly served by two MBTA transit lines. The new Lechmere Station, part of the Green Line Extension commencing construction in December 2017, will be located directly on the CX site, and the Orange Line Community College Station is steps away.
At full buildout, CX will be comprised of approximately 2.1 million square feet of state-of-the-art science and technology space, approximately 2,400 new residential units in addition to approximately 2,500 existing units, and approximately 100,000 square feet of retail thoughtfully curated to deliver a unique and local neighborhood experience. The project will also include approximately 11 acres of activated public open spaces, highlighted by a central common area.
As first reported by Real Reporter in June of 2015, Divcowest outmuscled a lineup of other heavyweight real estate players to emerge as winning bidder for the ambitious (formerly called) NorthPoint development parcel. It is one of the biggest developments in the Greater Boston area, and it is now rebranded as Cambridge Crossing. A name that DivcoWest CEO says aligns well with their goals and the surrounding cities expectations. “Our goal as a company has always been, and always will be, to add value whenever and wherever we can. If we can help create places where innovators can attract, nurture, and ultimately retain talent, then we will have done our job and given long-term value back to those innovators and the community at large. On behalf of DivcoWest, we are thrilled to embark on our long-term commitment to develop a world-class community within this former rail yard – a place in which companies, researchers, start-ups, entrepreneurs, visionaries and Nobel laureates, can live, work, play and thrive,” Shiff related in a release.
Local officials echoed Shiff’s sentiments of the projects vision and the fact that it is back on and underway. “The City of Cambridge is thrilled to see Cambridge Crossing evolve into this innovation-driven community. It is important that we continue to provide places that allow our local colleges and universities to collaborate with entrepreneurs and industry leaders in solving real-world issues, and in developing the next generation of companies,” said the Honorable E. Denise Simmons, Mayor of Cambridge.
“We are making the investments in retail, open spaces and infrastructure that are necessary to make Cambridge Crossing a thriving urban neighborhood and to attract existing commercial office tenants, as well as new tenants locating to the area for the first time,” said Tom Sullivan, President of DivcoWest’s development division. “We are thrilled to launch the project with a new name and brand identity to signify this ‘game-changing’ moment for the largest transit-oriented site in the Greater Boston region. We want to thank Cambridge, Somerville, Boston, the State of Massachusetts and the MBTA for their unwavering commitment to working with DivcoWest to make Cambridge Crossing a reality.”
DivcoWest invited over 300 people to share in the launch of the new brand and showcase plans Cambridge Crossing, which they say they represent the future of CX and its place for innovation and the thinkers of tomorrow.