Demo complete at 399 Binney St.; construction begins for office, lab, retail – Wicked Local Cambridge

By Adam Sennott Cambridge@wickedlocal.com

The demolition phase for a large office, lab and retail space at 399 Binney St. is complete, and construction workers are currently laying concrete foundation, according to Alexandria Real Estate Equities.

The real estate company plans to build a 165,000-square-foot office and lab building, as well as 1,500 square feet of retail space, according to the projects CoUrbanize page. Steel erection is expected to begin in the fall.

The Binney Street development is in the middle of the One Kendall Square buildings. Several business will remain open throughout both projects, including Kendall Square Cinema, Friendly Toast, Flat Top Johnnys, and Cambridge Brewing Company, according to previous reports.

The Binney Street project will include a new plaza with ample outdoor seating and informal gathering spaces leading to the cinema.

Alexandria also plans to rebuild the sidewalks and install trees along Binney Street and Cardinal Medeiros Avenue.

The work will lead to improved visibility at the intersection of Binney Street and Cardinal Medeiros Avenue, Alexandria said.

Binney Street is currently a one-way share road for cars and bicycles, according to the projects website. There is currently two police details Monday through Friday, 7 a.m. to 3 p.m., on Binney and Cardinal Medeiros Avenue who are tasked with assisting pedestrians cross the streets safely.

Construction is scheduled to be completed at the end of 2018.

The real estate company also bought the seven-building collaborative science and technology complex at One Kendall Square for $725 million in June 2016, according to previous reports.

According to the Boston Business Journal, it was one of the biggest real estate sales of 2016.

The seven buildings currently at One Kendall Square includes 644,771 rentable square feet (RSF), consisting of 48 percent office, 36 percent office/laboratory, and 16 percent retail space.

Currently, the campus is 98 percent occupied, but 55 percent of the leases will expire by 2019.

The campus also includes a seven-level, 1,507 parking space garage.

For updates on this project, visit courbanize.com/projects/399binney/updates.

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Demo complete at 399 Binney St.; construction begins for office, lab, retail - Wicked Local Cambridge