Kendall Square project to start
Calif. developer breaks ground on $500m life sciences campus
A California developer will break ground today on an 11-acre, $500 million laboratory, office, and residential complex in Cambridge’s Kendall Square that’s one of the largest construction projects in greater Boston this year. Alexandria Real Estate Equities Inc. of Pasadena will start construction with a six-story headquarters for drug giant Biogen Idec Inc., which will move its executive offices from Weston. The development plans call for seven new buildings in all, including two residential structures.
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