Construction Begins On Cambridge's Tallest Building

Boston Properties has begun building an apartment tower that will become Cambridge's tallest building even as the region faces a construction slowdown. 

The project is part of a $1.2B redevelopment and partnership with Eversource that will include not only the residential tower but also two life sciences buildings and an underground substation, the Boston Business Journal reported. 

The 16-story life sciences buildings at 290 and 300 Binney St. total 810K SF and are 100% pre-leased to AstraZeneca and the Broad Institute. In November, BXP sold a 45% stake in the life sciences buildings to Norges Bank Investment Management in a deal that values them at $1.7B.