NEW YORK, July 13 (GenomeWeb News) - The Broad Institute's new Cambridge home will be completed in January 2006 and the institute is "likely" to occupy the space in April, according to an institute spokeswoman.
"That's our goal," Michelle Nhuch told GenomeWeb News today. The Broad's landlord, Boston Properties, last year said the building will be complete and available for occupancy during the first quarter 2006, which spans January-March.
The 230,000-square-foot facility is located at 7 CambridgeCenter and sits near the Whitehead Institute for Biomedical Research and the East Campus of MIT. The Broad is a partnership between MIT, the Whitehead, and Harvard, and people close to the matter said that the site was chose for its proximity to these labs.
CambridgeCenteris located at the center of Kendall Squaredirectly across the Charles Riverfrom downtown Boston. The deal is believed to be the largest lab-lease agreement in Cambridgesince Novartis decided to locate its US research headquarters in the area in 2002.
The Broad building will be 60 percent to 70 percent lab space and 30 percent to 40 percent office space. And although news reports in real-estate trade publications have said that the Broad will occupy 100 percent of the space, Nhuch today said that a restaurant will occupy the first floor of the building.
Created in 2003, the Broad chose the 7 CambridgeCenteraddress over an existing space located at 675 W. Kendall St.that had been leased by Vertex Pharmaceuticals. Last spring, Vertex tried and failed to entice the institute to sub-let the property -- which was competing against the 7 Cambridge Center address for Broad's affection -- at which point its owner, New Hampshire-based Lyme Properties, sold it to a realty trust at the end of May, according to a Lyme officiel.
The official noted that the Broad recently leased a 50,000-square-foot facility from its inventory located on 320 Bent St., in Cambridge. The institute currently occupies three Cambridgeaddresses: 320 Charles Street, 320 Bent Street, and One Kendall Square, Building 300.