The T's is moving forward with plans to invest $811 million to replace the 1980s-vintage, two-car Green Line trains with 102 new vehicles.
The new “supercars” are 114 feet long, while the Green Line vehicles they are replacing are each 74 feet long. They're expected to start arriving in the spring of 2027 with the last set to arrive by 2031, according to Bruce Mohl at Commonwealth.
The vehicles have flat floors, eliminating the steps of the current vehicles, and can be driven by one driver instead of the current two.
The many nights and weekend of shutdowns that occurred on the Riverside and other Green Line tracks over the past several years was performed, in part, to accommodate these new vehicles.
The life sciences sector added 12,000-plus workers and nearly 16 million SF in real estate in 2021, according to MassBio's annual industry snapshot.
Bay State companies collectively raised $5.1 billion in the first half of 2022 and $13.66 billion in VC money last year, notes Rowan Walrath at the BBJ, including $170 million in VC money for Watertown-based companies.
And the footprint keeps expanding. Massachusetts is presently home to 55.9 million SF of lab and manufacturing space (up from 40 million the year before). Another 26 to 59 million SF is expected by 2025.
But MassBio CEO Joe Boncore tells Walrath he’s much more concerned about other factors.
"I think [there are] positive signs that we're maintaining our global leadership in life sciences innovation," Boncore said. "Bigger statewide issues, like housing and the failing transportation system, present a real and present danger and are going to have to be things we work with the legislature on in the coming years."
The Arsenal on the Charles-headquartered company is developing a drug for patients with sickle cell disease called etavopivat. Forma reported that it had 166 full-time employees as of February. Of those, 109 are researchers and 58 are in business development, finance, legal, and general management and administration.
Other need to knows
The City of Newton is collecting input on a set of proposed zoning updates for the city's village centers using an approach is not nearly as wonky as you'd might expect from a zoning discussion. Learn more.(Globe story here.)
The Davis Companies and Boston Development Group recently celebrated the ceremonial “topping-off” of Phase One of 66 Galen Street in Watertown, a 224,000 RSF, purpose-built, Class A life science building designed by Elkus Manfredi Architects. (Boston Real Estate Times)
Newton Upper Falls-based Cupixel has received $5 million in seed funding from Joann Fabric & Crafts. The Chestnut Street startup has an app that allows people to use augmented reality and AI to create art. (BBJ)