Somerville’s 101 South Street at Boynton Yards Reaches Topping-Off Milestone
Somerville, MA
9/21/2020
Somerville’s 101 South Street at Boynton Yards Reaches Topping-Off Milestone
First building to be completed next year as part of Boynton Yards, the largest development in the city’s growing life science market
Somerville — (September 21, 2020) — DLJ Real Estate Capital Partners (DLJ RECP), Leggat McCall Properties (LMP) and Shawmut Design and Construction commemorated the final steel addition atop 101 South Street — Somerville’s first life sciences building. The nine-story, 290,000 square-foot, Class-A mixed-use facility will provide state-of-the-art lab space geared towards emerging life science companies. The building, which will include first floor retail, community art spaces and a four-level underground parking garage, will achieve LEED Gold and WiredScore Platinum certifications, a testament to the sustainable and highly efficient approach.
“Despite the challenges that COVID has posed during the last six months, the skill and efficiency of the construction team led by Shawmut have been nothing less than extraordinary,” said John Fenton, Development Manager of DLJ Real Estate Capital Partners. “With the necessary protocols in place, everyone has adapted and continued to press forward resulting in no delay toward completion next summer.”
The first of three life science buildings as part of the Boynton Yards development in Somerville, 101 South Street will offer best-in-class, high-efficiency infrastructure where companies can imagine and grow. The proposed 6.54-acre development will transform the area into a vibrant work-live-play neighborhood. With more than one million square feet of commercial, residential, retail, public green, arts and performance spaces, the project will bring 4,000 permanent jobs to the City of Somerville and help establish it as one of the region’s most prominent life science hubs.
“We’ve always envisioned Boynton Yards as Somerville’s new innovation campus for the life sciences and tech sector to expand and grow,” added Rob Dickey, Executive Vice President of Leggat McCall Properties. “Now with the added force of today’s demand for lab space, Boynton is well positioned to support the City’s goal of competing and complementing Boston and Cambridge for years to come.”
Shawmut Design and Construction, the general contractor, along with architecture firms SGA and Hashim Sarkis Studios, is executing the ground-up building which will match the quality and specifications of other Class-A buildings while providing state-of-the-art lab space — including advanced wet and dry R&D labs and column-free, 35,000 square-foot floor plates for unique and maximum flexibility. 101 South Street will also feature a below grade parking garage for 250 vehicles, indoor bike storage, and a two-story lobby complete with retail space overlooking abundant public green areas and walking paths.
Shawmut has deployed enhanced safety protocols to mitigate the risk of infectious disease spread across all jobsites, rolling out new procedures, jobsite innovation, and an exhaustive COVID-19 risk assessment and response plan nationwide. These protocols are implemented at the 101 South Street site and include Shawmut Vitals — a custom technology platform which allows team members to self-certify daily health screenings by scanning a job-specific QR code and completing a health survey.
“We are tremendously proud of the progress we’re making at 101 South Street, but most importantly how we’re doing so safely,” said Kevin Sullivan, Executive Vice President at Shawmut. “As the first building at Boynton Yards, this facility will anchor what is envisioned to be the future of Somerville as a hub of innovation, technology and life science research.”
101 South Street broke ground in June 2019 and is slated for completion in Summer 2021. The upcoming Boynton Yards campus — currently undergoing a public master plan permit approval process — is envisioned as an extension to Somerville’s Union Square and Inman Square neighborhoods that will bring Somerville families, local businesses and researchers together with ample open space in a modern, innovative community of the future.
About DLJ RECP: DLJ RECP is an independent, vertically-integrated real estate investment management firm targeting investment and development opportunities in the dynamic neighborhoods of major US cities. DLJ RECP was founded in 1995 and has offices in New York, Boston, Los Angeles, and Hong Kong. To date, the company has executed over 200 real estate investments with a total transaction value of over $16 billion, representing over $4.5 billion in invested capital. Across DLJ RECP’s 20+ year history, the firm has built a strong track record of success through ground-up development and intensive redevelopment real estate projects. DLJ RECP’s projects include large scale residential, office, and retail developments, as well as historic redevelopment and preservation projects all built to an institutional standard.
About LMP: Founded in 1965, Leggat McCall Properties is a leading real estate owner, developer and service provider to corporate, educational, healthcare and other clients in the Greater Boston Area. Over the past 10 years, LMP has had a leadership role in over 42 million square feet of project development, representing more than $10 billion of investment. The company has executed on 15 projects over $200 million, 50 over $50 million, and has also developed or acquired approximately $3 billion in assets as principals, including research and life science, mixed-use, office, and residential properties. The firm has a dominant presence in the rapidly growing life sciences, higher education and healthcare industries and serves many of the area’s top universities, healthcare systems and biotech companies, including Novartis Institutes for BioMedical Research, Draper Laboratory, Harvard University, Massachusetts Institute of Technology, and Brigham & Women’s Hospital.
About Shawmut Design and Construction: Shawmut Design and Construction is a $1.5 billion national construction management firm with a reputation for completing extremely complex and logistically challenging projects for the most high-profile clients in the industry. As an ESOP (employee-owned) company, Shawmut has created a culture of ownership, proactive solution-making, and forward thinking. Eighty percent of its business comes from repeat clients, proving there is a strong focus on building lasting partnerships. Shawmut has offices located in Boston, Providence, New York, Miami, Chicago, Las Vegas, Los Angeles, and Irvine.
Media Inquiries:
LMP/DLJ
Pam Jonah
pam@jonahpr.com
(781) 956-6865
Shawmut
Kevin Corsino
KCorsino1@shawmut.com
(857)-225-5274
