Cambridge, MA King Street Properties (King Street) and Healthpeak Properties celebrated the grand opening of its new life science facility at 101 Cambridgepark Dr. The 160,000 s/f laboratory property was developed by King Street in the premier life science cluster.

“Not only does 101 Cambridgepark Dr. provide exceptional lab space in the heart of the Boston-Cambridge innovation hub, but the project is a showcase of sustainable building design including LEED Gold certification and next generation flood resiliency standards,” said King Street managing director and partner Tyson Reynoso. “The project fills a pressing need and was fully leased ahead of completion. We welcome our tenants to this location and look forward to supporting their life-changing work.”

Located close to the MBTA’s Red Line Alewife station, 101 Cambridgepark was modeled to be accessible by all means of transit. The building includes some unique features to appeal to tenants’ commuting needs, including an on-site Blue Bike station, indoor bicycle storage and repair room, and locker room with showers. In addition, it has an outdoor courtyard to be enjoyed in the warmer months.

101 Cambridgepark replaces a 111-space parking lot adjacent to 87 Cambridge Park Dr. The two projects are linked by a 9,000 s/f boardwalk. In addition to its laboratory space, the five-story property includes 3,000 s/f of ground-floor retail with outdoor seating, office space, and a 247-spot underground parking garage.

Dimella Shaffer was the architect and Consigli Construction Co. was the contractor.