BioMed Realty’s proposed 585 Third Street is an ambitious 16-story lab complex with 40,000 SF of public, theater, and cultural space in Cambridge’s Kendall Square. The project received unanimous approval from city officials late last year amidst widespread community support. What does this unusual consensus among residents, developers, and policymakers signal for the future of life sciences development?
Comprised of individuals working closely on the design, development, and approval of 585 Third Street, our panel will examine how the project inspired excitement in development-skeptical Cambridge and what the CRE industry can do to mirror its success. Learn how the proposal broke with traditional models for life sciences buildings in terms of architecture, public benefits, stakeholder engagement, and more. Panelists will share how an early focus on inclusivity in the outreach process led to wider support among underrepresented groups and communities of color. Finally, we will explore what this development means for the long-term outlook of innovation clusters not only in Greater Boston, but nationally.
Kendall Square’s success as a biotech hub has spawned many imitators. As projects like 585 Third Street come online, developers, tenants, and visitors will increasingly expect these innovation hubs to offer amenities, artisticofferings, and retail befitting more traditionally livable neighborhoods. 585 Third Street is a glimpse into the future of the new model for this critical sector of commercial real estate.
A founding member of Redgate, Lisa provides strategic real estate services for institutional and investor clients. Her focus is on large, complex urban development projects with specific areas of expertise in pre-development strategy, financial feasibility, infrastructure, and government relations/approvals. Lisa has successfully worked with developers and government agencies to structure public/private partnerships and mechanisms for alternative financing to enable investment and development in projects that have a substantial public component. Lisa has over 25 years of experience in the real estate industry and her clients include major institutions such as MITIMCo, Boston Children’s Hospital, Simmons University, University of Chicago, and Harvard School of Public Health, as well as private landowners. Prior to co-founding Redgate, Lisa was a National Director and Senior Vice President of Development at Jones Lang LaSalle where she was responsible for major project development as well as for evaluating potential real estate investments for the firm’s direct investment funds.
Kishore Varanasi is an urban designer, strategist, and educator who specializes in developing authentic design solutions for cities at all scales that address human connection, social equity, and climate resilience. For 25 years, Kishore has worked to shape cities and communities globally through sustainable and holistic solutions in both the public and private sectors. Kishore’s innovative contributions to communities stem from his ability to inspire creative collaborations among individuals, governments, and businesses while simultaneously creating fresh perspectives and approaches to sustainable city-building and living. As a principal and Director of Urban Design at Boston-based CBT, his recent work includes the Masdar City Master Plan, Lincoln Yards in Chicago, the Blueway at the New England Aquarium, Cambridge Crossing, Boston University Master Plan, Suffolk Downs Master Plan, Hudayriyat Island Master Plan, Bhavani Islands Master Plan, The Riverline in Buffalo, NY, and Abu Dhabi Climate Interventions. Kishore is a regular critic and teacher at various institutions including MIT, Harvard University, Yale University and the Boston Architectural College (BAC). He serves on the Van Alen Institute Climate Council, BAC and Boston Harbor Now Board of Trustees, and Emerald Network Board of Advisors. Kishore's work has been recognized by various awards and organizations including the American Institute of Architects, Rethinking the Future, World Architecture News and Urban Land Institute. He holds a Master of Science in Urbanism from MIT; a Master of Architecture from the University of Illinois at Urbana-Champaign; and received his Bachelor of Architecture from Jawaharlal Nehru Technological University in Hyderabad, India.