Banker & Tradesman Features Cambridge Foundry Building
Industrial Building Joins Cambridge’s Innovation Economy. Written by Justin Crane.
Civic
WBUR Takes Tour of Foundry and Its Role in Cambridge
The 50,000-square-foot former steam pump factory has gallery space, a black box theater, a dance studio, metal and fiber workshops, a kitchen, art studios, conference rooms and more — all available for public use.
Broad Discovery Center in Cambridge opens to the public this October
Visitors are invited to explore galleries highlighting key discoveries and transformative insights in biomedicine.
The Foundry, a new makerspace in an old building, opens in Kendall Square
Cambridge creatives have a new hotspot for artistic learning and collaboration: the Foundry in Kendall Square’s Innovation District.
Cambridge cuts ribbon on transformed Foundry 101 building, a new space for artists
CambridgeSeven celebrates the opening of the Foundry community center in Cambridge
In New Orleans, Time-Tested Charms and Some Bright New Baubles
Immersive art, bespoke hotels and restaurants that range from Creole to a ‘tropical roadhouse’ are only a few of the offerings awaiting visitors.
In Somerville, Mass., New Union Square Stop is a Go
Our new Cambria Somerville Hotel is part of a bustling new area in Somerville hosting good eats, drinks, and a new T stop.
Healthy Festival Eats and New Orleans as You Have Never Experienced It
Vue Orleans is the main attraction during a New Orleans food festival this month as a new dazzling showcase of NOLA culture.
BSA Members at COP26: Architecture’s Role in the Climate Crisis
CambridgeSeven and Boston-based Bergmeyer represented the architecture industry and the BSA at COP26 this year.
There’s a New Office Building Proposed Between Quincy Market and the Greenway
Gazit Horizons, which owns two retail buildings alongside Quincy Market, aims to put a seven-story office building there.
The chain shops in Marketplace Center often are mistakenly thought to be part of the Faneuil Hall Marketplace next door. But if Marketplace Center’s owners have their way, the property will get a distinct look that should set the place apart visually from its historic and better-known neighbor.
New York-based Gazit Horizons, a division of Israeli property investment firm Gazit Globe, filed plans with the Boston Planning & Development Agency on Tuesday to renovate Marketplace Center, with a project that will add seven floors of offices on top of the existing three-story complex.
Marketplace Center today consists of two buildings: a three-story North Building with stores and offices, and a two-story South Building, connected by a steel canopy and a pedestrian bridge. There’s about 52,000 square feet of retail space — including Gap and Banana Republic stores — and nearly 10,000 square feet of offices. Gazit’s $100 million renovation would expand the building significantly, adding seven new stories to the North Building and filling in canopies at the ground level. Once it’s complete, the redone Marketplace Center will feature 145,500 square feet of offices, with about 46,000 square feet of stores.
It will also open up the street on the Rose Kennedy Greenway side of the buildings, said Gazit Horizons chief executive Jeff Mooallem. The complex was originally designed in the 1980s to wall off the Faneuil Hall area from what was then the Central Artery — the elevated highway that was replaced with the Greenway as part of the Big Dig. When complete, the project will have store entrances on the Greenway side, and perhaps an office entrance.
“The property, like many properties built in that era, turns its back on the Greenway,” Mooallem said. “Now that we have this beautiful linear park, over the last 10 years you’re seeing buildings … put their front door on the Greenway instead of their back door.”
About 85 percent of the property is currently occupied. Mooallem said all tenants are on short-term leases, none longer than three years, though he would like as many as possible to remain in the revamped Marketplace Center.
Gazit owns a handful of other properties in Boston and Cambridge, including in Harvard Square, the Back Bay, and Downtown Crossing. The company acquired Marketplace Center in 2019 with an eye toward repurposing it. Meanwhile, the owners of the adjacent Dock Square garage pursued similar redevelopment plans, and late last year the BPDA approved construction of more than 200 condos on top of the garage.
“We really believe in this area,” Mooallem said. “This is a very important part of the city. We did this building, in part, because we knew it needed to be improved upon.”
Because of its proximity and similarity to the buildings in the Faneuil Hall Marketplace, many people often assume that Marketplace Center is part of that complex. But they are separately owned and managed. The managers of the two neighboring properties sometimes work together, such as with the Faneuil Hall Marketplace’s website. However, their joint annual Christmas tree and holiday light celebration did not take place this year.
Mooallem said he would like to bring back the giant tree, which usually sits on the Marketplace Center property, next year.
“One of the things our project aims to do is invest in a tourism infrastructure in that location that is a little tired now,” Mooallem said. “It’s such an important location. We’re trying to build a project where things like tree lightings would be an absolute no brainer in that location because [they’re] going to generate so much traffic.”
