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BioMed Realty Breaks Floor at 585 Kendall with Takeda and World Arts Dwell

Cambridge, MA- BioMed Realty, a Blackstone portfolio firm and main supplier of actual property options to the life science and expertise industries, alongside Takeda and World Arts Dwell, lately celebrated the groundbreaking of 585 Kendall within the coronary heart of Cambridge’s Kendall Sq. neighborhood.

The 600,000-square-foot improvement, set for occupancy in 2026, will present Takeda with state-of-the-art lab and workplace house. The constructing may also embrace a brand new 30,000-square-foot performing arts middle launched in collaboration with World Arts Dwell, together with a 400-seat theater, 150-seat commons stage set in an indoor backyard, rehearsal studio, and ground-floor gathering areas.

“This groundbreaking is a monumental second in Kendall Sq.’s continued improvement and brings us one step nearer to delivering much-needed life science house to better Boston’s booming innovation ecosystem,” mentioned Tim Schoen, Chief Govt Officer of BioMed Realty. “BioMed is proud to supply state-of-the-art, sustainable lab workplace infrastructure to assist Takeda’s essential analysis and improvement, whereas concurrently delivering on our dedication to the Cambridge group to supply a culturally-driven public group house.”

“We’re delighted to affix our companions in celebrating this actually exceptional house, which when full, can be house to a few of the greatest scientists on this planet,” mentioned Ken Caplan, World Co-Head of Blackstone Actual Property. “Blackstone has lengthy had sturdy conviction in Cambridge – and the Boston space extra broadly – and we’re proud to increase our presence. We look ahead to seeing how Cambridge’s extraordinary expertise will use 585 Kendall to speed up transformative analysis and creative exploration locally.”

The groundbreaking occasion featured performances and celebrations introduced by World Arts Dwell, a Cambridge-based nonprofit live performance presenter with 33 years of expertise showcasing music and dance from the close to and much corners of the globe. Native artists carried out on the occasion, together with two teams from Cambridge: Albino Mbie, enjoying a singular Afro-Pop and Moz-Jazz sound that comes with sounds from Mozambique, the US and around the globe; and Jean Appolon Expressions, a Cambridge-based dance firm that includes conventional Haitian folkloric dance with fashionable approach. Boston-based Topic:Matter, a faucet dance firm that frequently holds jams and group occasions for all ages, additionally carried out.

“World Arts Dwell’s creative imaginative and prescient for over three a long time has been to deliver inspiring music and dance from all corners of the world to levels throughout Better Boston,” mentioned Connie C. Chin, CEO of World Arts Dwell and 585 Arts. “As we work to launch the brand new performing arts middle at 585 Kendall, we look ahead to deepening our connection to communities of coloration and creating programming and partnerships that mirror the wealthy variety of Cambridge and Boston.”

To maintain and function the constructing’s efficiency areas, BioMed and World Arts Dwell created a brand new nonprofit 501(c)3 group, 585 Arts, Inc. As soon as in operation, 585 Arts will handle the 400-seat theater {and professional} rehearsal studio, and contribute to programming for the 150-seat commons stage and ground-floor gathering areas.

BioMed has dedicated to spend $45 million to construct and equip the performing arts middle and World Arts Dwell is conducting a $15 million fundraising marketing campaign to launch and maintain 585 Arts.

The submit BioMed Realty Breaks Ground at 585 Kendall with Takeda and Global Arts Live appeared first on Boston Real Estate Times.