Providence, RI – Citizens Bank announced that the Citizens Commercial Real Estate Finance team is leading a $150 million construction loan for Bulfinch, a Boston-based commercial real estate and investment firm, to build a new 270,000sf lab building and 383-space standalone garage at Cambridge Discovery Park, a 27-acre master-planned redevelopment located in West Cambridge’s Biotech Mini Cluster.
John Moriarty & Associates, Inc. is the general contractor, and Stantec Architecture and Engineering, P.C. is the architect on the project.
Building 400-500 is a Class A, six-story, LEED registered life sciences building. The property will offer large floor plates with 100% laboratory-compatible space and feature two separate bases with two distinct lobbies, connected on the third floor and above. Building amenities include a fitness center, full-service cafeteria, outdoor patio, roof deck, and bicycle storage area. It is the last phase of Bulfinch’s master-planned redevelopment totaling nearly 800,000sf of lab, office, and amenities.