Word: biotechs
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Dates: during 2000-2009
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Recently planners have focused on two more ambitious visions for the property. One would create a high-tech science campus that they say could rival the Silicon Valley in innovation but with a focus on biomedical and biotech research. The other would move as many as several of Harvard’s professional schools across the river in their entirety...
...other edge of Harvard land, real estate developer Cabot, Cabot and Forbes is in the process of adapting a half-built building to provide biotech space...
...very interested in Harvard’s vision for the area. If Harvard located research facilities in Allston, it would likely attract further development, Doherty says. It’s the magnet effect, he says—once a critical mass has been built up, the herd of biotech firms will descend...
...since any University moves in Allston are many years off, a build-up of biotech around Harvard’s land will take time...
...don’t care very much for [private sector] biotech; intellectually interesting research occurs at the University,” Meister says. “I personally wouldn’t be sad if [the next boom] happened on the west coast...