66 Cambridge Street
DREAM Collaborative is currently teaming with SGA on the design of 66 Cambridge Street in Charlestown, MA. Being developed by a joint venture partnership between The Fallon Company, a multi-generational Boston-based real estate developer and Owens Companies, Inc. the oldest minority-owned and operated company in New England, the project will create a new first-class, transit-oriented development that will contribute to the emerging growth and revitalization of Sullivan Square and the area west of Rutherford Avenue.
The approximately 4-acre site will be redeveloped with approximately 802,000 sf of life sciences/office/research and development (R&D) space; 41,000 sf of open space which will allow for gatherings and placemaking to encourage neighborhood involvement and use; 10,000 sf of retail/restaurant/commercial space; and approximately 646 parking spaces within two levels of below-grade parking. The design of 66 Cambridge reflects the neighborhood’s existing industrial character and future context while providing a sophisticated and modern life sciences/office/R&D facility. The project’s significant public realm includes a new 700-foot-long pedestrian connector to/from the MBTA’s Sullivan Square Station and the surrounding community. Streetscapes around all sides of 66 Cambridge Street will be improved to create a safer, more welcoming pedestrian and cycling experience.
Sustainability and climate change resiliency are key priorities for 66 Cambridge Street and the project will, at a minimum, be constructed to be certifiable to Leadership in Energy and Environmental Design (LEED) Gold standards. The project will have a focus on reducing carbon footprint, operational greenhouse gas emissions and energy load reductions.
The project team has a shared commitment to diversity, equity and inclusion for the 66 Cambridge Street project. To provide opportunities to Charlestown residents of all ages and backgrounds, the development team will center workforce development and “career ladders” in the project’s future operation and management. The development team will also provide opportunities to students in the Real Estate Entrepreneurship Youth Program, a 6-week annually recurring summer program that The Fallon Company and non-profit Street2Ivy established in partnership in 2021. The program seeks to equip local youth with the skills, knowledge, and mentors needed to participate in real estate investing and set them on a path to help eliminate the income and wealth disparity in Boston.
