The American-fare establishment is expected to open in 2024, becoming the sixth restaurant to join the CX neighborhood.

September 18, 2023 – DivcoWest, a DivCore Capital Company and the national real estate investment and development team behind the destination neighborhood and innovation hub, Cambridge Crossing (CX), and its project partner for Park 151, LCOR, announced a new relaxed dining concept will join CX in 2024, adding to the neighborhood’s vibrant culinary offerings. Tap 151 Bar and Grill will be at the ground level of Park 151, CX’s newest multifamily residential building, and adjacent to a new event lawn.

The restaurant will feature a menu of tried-and-true pub favorites, an extensive bar selection, and a lively neighborhood atmosphere. Encompassing approximately 6,000 sf, the space will offer both indoor and outdoor seating and the interior design will lean into the distinctive style of the CX neighborhood, with the space featuring 233 seats with a total capacity of 300. Tap 151 is positioned to be a high-spirited entertainment destination, providing televised sporting events and game nights, and a comfortable gathering place for people of all ages.

“We are thrilled to announce the addition of Tap 151 Bar and Grill to CX and look forward to expanding our selection of local eateries for our community to enjoy,” said Dennis O’Donnell, Senior Director at DivcoWest. “CX is comprised of spaces that are thoughtfully and purposefully built to foster and engage connections, and we look forward to Tap 151 opening in 2024 and becoming a local neighborhood favorite by those near and far.”

The future operators of Tap 151 are no strangers to the area and currently manage well-established full-service bar and grills in Cambridge, Somerville and Northboro, MA. The operators acquired two properties from Tavern in the Square in 2017 and 2021, located in Central Square, Cambridge, and Northboro, MA, respectively, and reimagined them as local, neighborhood taverns. Additionally, the partnership separately runs Oliveira’s Steakhouse, a popular Brazilian steakhouse in nearby Union Square, Somerville.

“We are thrilled to announce Tap 151 Bar and Grill at CX and look forward to expanding our footprint in the Cambridge community alongside the wonderful range of restaurants and café concepts within the neighborhood,” said Davidson Bettero, Owner at Tap 151 Bar and Grill. “We pride ourselves on building warm, inviting spaces for our guests to have enjoyable and memorable experiences while highlighting the best of our local flavors.”

Construction for Tap 151 is expected later this fall with opening projected in mid-2024. CX’s other established eateries are Café Beatrice, Geppetto, The Lexington, Lamplighter Brewing Co., Tatte Bakery and Café, and Bon Me which is also set to open in 2024.

GLENDALE, CA August 14, 2023 – DivcoWest, a DivCore Capital company, announced that Hearst Media Production Group (HMPG) has signed a 10-year plus lease at 655 North Central, a Class A building in Glendale.

The lease for 20,011 square feet allows HMPG to move from an older facility in Burbank and expand its West Coast operations. Occupancy is expected sometime in early 2024.

The company, which is a business unit of Hearst Television and produces and distributes original programming for TV, broadcast, cable, and streaming services, also has offices in New York, Washington DC, and Charlotte.

“We’re delighted to partner with Hearst Media and do our part to help its leadership realize the vision of expanding in a high-profile, state-of-the-art facility that provides its employees with a full range of amenities,” said Jared Crowley, Senior Director-Investments, DivcoWest.

655 N. Central is a 549,000 s.f. LEED Platinum Class A office tower which was renovated in 2018 and features a conference/event center and a fitness room with full equipment including Peloton bikes, showers, and lockers.

The building also has an adjacent eight-level parking garage with EV charging. 655 N. Central has maximum visibility at the intersection of Central Avenue and the Ventura (134) Freeway.

Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, “Astellas”) and DivcoWest, a DivCore Capital Company, announced today plans for Astellas to open a new state-of-the-art life sciences facility at 441 Morgan Avenue, in the Cambridge Crossing (CX) neighborhood in Cambridge, Mass. This investment establishes a significant presence for Astellas in one of the world’s premier life science innovation hubs, showcasing the company’s commitment to expanding its R&D footprint in order to accelerate innovation and deliver VALUE to patients.

Designed by Ennead and Jacobs Consulting, 441 Morgan is the fifth lab-ready building at CX and is situated at a gateway to the neighborhood with views of the Charles River and beyond. With wellness, connectivity, and tenant experience at the forefront, when complete, 441 Morgan will offer five outdoor terraces, direct access to a five-acre park, integrated building technologies including smart technology View Glass, three underground levels of parking and a bike room.

Astellas expects to occupy two floors, or approximately 62,000 square feet, of the new facility in 2024. Astellas will house both laboratory and office areas. The laboratory area will be occupied by Discovery Accelerator, which will serve as an additional incubator space for external collaborators as well as Mitobridge. Over time, a few hundred Boston-based Astellas employees will operate out of the new building, representing functions including Medical & Development, Business Development and Research.

As part of Astellas’ and DivcoWest’s commitments to sustainability and reducing its environmental impact, the building is targeting LEED Gold. The building is also targeting WiredScore Platinum certifications and is ideally situated just steps to two MBTA lines, including the Community College orange line station and the Lechmere green line station.

Astellas was represented by Transwestern Real Estate Services Executive Vice Presidents Kyle Robbins and David Burkards and Executive Managing Director Andrew Davidson.

Tadaaki Taniguchi, M.D., Ph.D., Chief Medical Officer, Astellas

“This investment in Cambridge represents a significant milestone for Astellas, enabling us to continue growing our presence in the Greater Boston area and to create additional hubs for innovation and collaboration. We view this as a strategic approach to enhance our ways of working, foster new collaborations and open up new opportunities in the biopharma ecosystem. We look forward to leveraging the vibrant life sciences ecosystem in the area to drive scientific advancements that ultimately lead to better outcomes for patients.”

Mark Roopenian, Managing Director, DivcoWest

“We are thrilled to welcome Astellas to Cambridge Crossing. Through thoughtful and purposeful design, CX has become home to some of the world’s leading life science and biotech companies offering both the built environment forward-thinking companies need for today’s research and development, and the vibrant community employees desire. We look forward to Astellas being part of the neighborhood and a collaborative partner.”

Yoshitsugu Shitaka, Ph.D., Chief Scientific Officer, Astellas

“Our new Cambridge space will be intentionally designed to foster a culture of innovation and collaboration. By providing shared resources, flexible workspaces, and dedicated areas for cross-functional and partner collaboration, the new building will enable our teams to work together seamlessly and capitalize on the diverse expertise both within the company and outside our walls. Moreover, we are excited to create an incubator space through Discovery Accelerator that will provide new opportunities to both support and be a Partner of Choice to highly innovative external organizations.”

Cambridge Crossing (CX) is a winner of the Urban Land Institute’s (ULI) 2023 ULI Americas Awards for Excellence. CX is one of ten developments from across North America , now competing against projects from Europe and Asia Pacific in the 2023 ULI Global Awards for Excellence.

“We are thrilled and proud to have been selected as a winner of the prestigious ULI Americas Awards for Excellence,” said Mark Roopenian, Managing Director of DivcoWest. “Since breaking ground six years ago, our team has worked extensively with our planning and construction partners to build out a neighborhood in Cambridge, Somerville and Boston that reflects an inclusive, equitable, and accessible space. This award is a culmination of the hard work of many individuals and municipalities, and we thank those who have made Cambridge Crossing the vibrant community it is today.”

This year, 68 projects and programs from across the Americas were considered, and a jury of experts in a range of fields, selected 20 finalists. The jury selected ten winners after an interview and site visit with each finalist.

The award recognizes superior development efforts in the private, public, and nonprofit sectors and encompasses a wide range of land uses, sizes, and investments. According to ULI, the project was evaluated on the approach taken to urban planning, design, community engagement, innovation, sustainability, among others. All of which worked together to bring DivcoWest’s vision for the CX neighborhood to life. The CX team has worked closely with local municipalities, leaders, and organizations to strengthen public-private partnerships to expedite and enhance planned projects. In 2021, the long-awaited Green Line Extension (GLX) opened, extending the Green Line into Somerville and Medford, a move supported by DivcoWest. Today, the new Lechmere Station is at CX, which also supports a bus station and a public access cycle center connecting to a regional bike path network.

In 2015, the transformation by DivcoWest of 43 acres in Cambridge, Somerville, and Boston began, with the goal of connecting the former railyard to Kendall Square and the surrounding neighborhoods. With a focus on accessibility and mixed-use spaces, the master plan for the neighborhood was designed around the multitude of public transit options and walkability.

When fully completed, CX will have a total of 4.5 million square feet, with close to half being life science and technology space. In the past three years, it has become home to world-class life science companies, such as Bristol Myers Squibb, Philips, Sanofi, and Cerevel Therapeutics, with more availability opening this year. 11 acres of this innovation hub offers live-work-play-learn spaces including a central common, a picnic grove, and a dog park. Throughout the year, the common and central arteries are activated with public programming and art installations with local partners to highlight the history and impact of individuals from the area. Plus, two MBTA stations, including the Lechmere Green Line stop and the Community College Orange Line stop, are minutes away. Completed last year and currently leasing, Park 151, is the first residential building at CX and offers 468 units.

To learn more about Cambridge Crossing, visit cambridgecrossing.com.