Redevelopment Begins at 130-Acre Riverview Technology Park
Hackman Capital and Calare Properties Inc. have kicked off construction on the redevelopment of the 130-acre Riverview Technology Park, starting with a 563,322-square-foot renovation at the larger of two existing buildings.
The park, located at 495 Woburn St., sits on the banks of the Concord River, just 30 minutes north of Cambridge's life-science hub. Cushman & Wakefield Inc.’s senior directors Torin Taylor, Rich Ruggiero and Matt Adams, plus associate director Rory Walsh are leasing Riverview Technology Park.
"Our vision is to create a bold new image for the campus, which will attract top-tier global and local organizations looking to leverage the park's strategic location in Massachusetts' high-tech corridor," said William Manley, president of Hudson, Mass.-based Calare Properties. California-based KBS Real Estate Investment Trust is part of the joint venture ownership.
Phase one will include upgrades at the park's entrance and interior roads as well as the renovation of the existing structure. The park has 20 acres of ready-to-go development dirt plus a 126,000-square-foot building, developed in 2001 at 515 Woburn St. Other campus perks are heavy power, town water, convenient highway access and nearby commuter rail.
"Once renovations are completed, the already-modern campus will become a premiere high-tech hub for state-of-the-art research and development, manufacturing and corporate office users," said Michael Hackman, founder and CEO of Los-Angeles-based Hackman Capital. "There is an ever-rising demand for world-class space in suburban Boston, and Riverview Technology Park will meet that need."
Gensler's Boston team is project architect, engineering design consultants, civil engineering and local jurisdiction liaison while Goldstein Milano is the structural engineer and Integrated Builders, the general contractor.
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