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This website is for informational purposes only and does not constitute an offer, solicitation, or recommendation to sell or an offer to purchase any securities, investment products, or investment advisory services. This website and the information set forth herein are current as of June 30, 2023, and are not intended to provide investment recommendations or advice.

74M: Greystar’s First Life Science Development

Written by Sarah Claire Eleazer

Edited by Maya Fowell

Apartments and Communities March 22, 2023

Innovation is the key to progress. That’s what 74M represents for life science development. Located in Somerville, Massachusetts, Greystar is developing 74M, a state-of-the-art laboratory and research facility designed to drive scientific innovation to new heights.

As the first life science development of its kind, Greystar recognized the need for a modern facility that accommodates the latest technologies and research methodologies. With this in mind, 74M was designed to foster collaboration and innovation, with flexible floor plans and amenities that will enable researchers to focus on their work.

City skyline viewed from a high-rise building with reflective glass windows, overlooking a busy highway.

The goal was not only to create a functional space, but also one that is visually stunning. The 15 tenant floors will feature a glass façade that provides natural light, while the interior was designed to encourage collaboration and interaction between researchers.

74M will be more than just an office building. It will function as a hub for innovation and collaboration, bringing together some of the brightest minds in the life science industry.

A rooftop fire pit with seating overlooking a panoramic cityscape during sunset.

Inside the building, tenants will have access to best-in-class amenities, including a fitness center, a rooftop lounge, outdoor spaces, and unbelieve views of Boston, providing a well-rounded experience that extends beyond the laboratory. A variety of well-known artists, including Tara Donovan, Charles Gaines, and Timothy Curtis, will contribute to the robust art program displayed in the lobby, bike room, and amenity spaces.

In addition to its impressive features, this project is on track to be LEED Platinum-certified, meaning it will be developed with sustainability in mind. From its energy-efficient systems to its eco-friendly materials, this building was designed to reduce its environmental impact and promote sustainable practices. The property will also obtain WELL Platinum, WiredScore Platinum, and SmartScore certifications for its focus on occupants' well-being, advanced digital infrastructure, and technology use to optimize sustainability.

Modern office space with employees working at their desks and informal seating areas.

74M will be a game-changer in life science. Its cutting-edge design and amenities, combined with its collaborative environment, will make it the ideal location for companies looking to push the boundaries of scientific innovation. As the industry continues to evolve, 74M will be at the forefront, shaping the future of life science development.

To stay in the loop on the progress of 74M, make sure to visit the project's website.

For more insights on development and community news, check out our other blog posts.

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