Press Release

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Hood Park Receives Approval for New Parking,
Retail and Lab Building

Project paves the way for Hood’s growing tech cluster

BOSTON - March 16, 2018 - The owners of Hood Park received approval from the Boston Planning and Development Agency (BPDA) to move forward with the construction of a 448,000-square-foot mixed-use parking, retail and lab building. Construction on the mixed-use garage and retail building is expected to start in July of this year.

The new seven-story building at 100 Hood Park Drive will contain approximately 900 parking spaces, 50,000 square feet of lab and 24,000 square feet of retail space and more than 40 bike storage spaces. The garage will also include a solar array on the rooftop and will be equipped with electric vehicle charging stations in 50 of the parking spaces. Hood Park will pursue Parksmart Certification, the sustainable certification awarded for garages and LEED Silver certification from the U.S. Green Building Council.

“We are excited to take another step forward in the redevelopment of Hood Park, transforming it from a former industrial site into a vibrant campus with public amenities,” said Chris Kaneb, manager, Hood Park, LLC. “Our vision for Hood Park is to create a dynamic mixed-use, transit-oriented development that will complement the surrounding neighborhood.”

Since January, Hood Park has held six community meetings to discuss both the mixed-use building at 100 Hood Park Drive as well as a new commercial building at 200 Hood Park Drive which will accommodate current demand for commercial space in the park as well as attract future growth tenants. Hood Park is fully leased to office and lab tenants such as agriculture startup, Indigo Ag, Inc., Cambridge College and ERT, a global data and technology company.

“We appreciate the BPDA’s vote supporting future economic growth in Charlestown and we look forward to continuing to have an open community dialogue about appropriate building height as we move forward with the development,” said Mark Rosenshein, partner at Trademark Partners which represents Hood Park.

Hood Park is located within an emerging growth and development corridor stretching from Kendall Square and downtown Boston to Assembly Square in Somerville and the Wynn Casino in Everett. Hood Park currently consists of three buildings - 500, 510 and 570 Rutherford Ave. There is also a 177-unit residential building under construction, with 10,000 square feet of ground-floor retail, that is slated to open in April of 2019. The mixed-use garage and retail building is schedule for occupancy in late 2019.

 

About Hood Park:

Hood Park is a master-planned, 20-acre urban campus that was originally home to the quintessential New England dairy company H.P. Hood and Sons. The mixed-use campus is undergoing comprehensive improvements, transforming buildings into distinctive, Class A office and Research & Development space in Boston. 

 

Press Contact:
Michelle Hillman
mhillman@inkhouse.com
781.966.4113