Woburn, MA – Cabot, Cabot & Forbes (CC&F) recently broke ground on The Bolt, a 180,000sf center for innovation along the New Boston Corridor in Woburn.
Lieutenant Governor Kim Driscoll, Woburn Mayor Mike Concannon, Rep. Richard Haggerty (D-Woburn), and Woburn City Council President Jeff Dillon, along with CC&F CEO Jay Doherty and representatives from the U.S. Environmental Protection Agency, were there to celebrate the start of construction.
(l-r): Woburn Mayor Mike Concannon; Building Commissioner Tom Quinn; Councilor Lou DiMambro; Cabot, Cabot & Forbes CEO Jay Doherty; Lt. Gov. Kim Driscoll; City Council President Jeff Dillon; State Rep. Richard Haggerty; Councilor Robert Toro; EPA Superfund Administrator Bryan Olson; and Councilor Robert Ferullo, Jr.
“The Bolt exemplifies CC&F’s vision for future development, embracing an entrepreneurial, dynamic and fast-paced culture that requires innovative and detailed thinking for creative solutions in real estate, development, management and investment, “ said Doherty. “We are bullish on this corridor. The versatility of the space, proximity to Boston and major highways, and the adjacent growing commercial, retail and residential transit hub will attract the next group of innovative companies.”
The Bolt, which is being built on spec by John Moriarty & Associates, will be versatile enough to accommodate the needs of innovative companies in a wide spectrum of industries, including energy, manufacturing, life sciences, and technology, and is expected to create 300 new jobs. It will be located just North of Boston, along Routes 93 and 95 (128) and adjacent to the Anderson/Woburn MBTA station, which is convenient to Boston’s downtown and other regional destinations via the MBTA Commuter Rail and Amtrak Downeaster rail lines.
The project continues CC&F’s $400 million investment in the redevelopment of the former Superfund site that includes Emblem 120, a 289-unit luxury multifamily housing/retail development and Zero New Boston, a proposed multifamily project that will include 250 apartment units, garaged parking spaces, and 1,200sf of retail.
Rendering of The Bolt
“The Bolt is a clear example of the benefits of transit-oriented commercial and residential spaces. This development will provide job opportunities and reasonably-priced housing near transportation hubs, which is good for workers, businesses and our economy,” said Driscoll. “We look forward to coming back when these developments are completed.”
The Federal Environmental Protection Agency was also a major partner in the redevelopment of this area. “EPA is proud to play a role in transforming the Industriplex Superfund site into a space that advances community growth and opportunity,” said EPA Regional Administrator Mark Sanborn. “Through our Superfund program, EPA is committed to turning once-contaminated properties into safe, vibrant places that contribute to local economies and improve the quality of life in surrounding communities.”
The Bolt was designed by Jacobs, and Cushman & Wakefield will be the exclusive leasing agent for the property. Kawa provided $79 million in construction financing for the project. Aries Capital served as an advisor in structuring a bespoke financing solution for The Bolt. The building is expected to be ready for occupancy in the second quarter of 2027.
