As the life sciences market continues to face significant pain, a massive lab development over the Massachusetts Turnpike has paused until conditions improve.
San Diego-based IQHQ announced that its $1B, 960K SF Fenway Center project isn’t moving forward until it is at least 50% leased, the life sciences developer told The Boston Globe. Although the project isn’t moving forward, the deck the company built over the Mass Pike is set to complete in the first quarter of 2026.
“We have no plans to go vertical at this point,” IQHQ President Tracy Murphy told the Globe. “Given lending market conditions, we’re going to sit and evaluate once the…